Local brands revving up electric vehicle sector
Chinese automotive brands, especially electric vehicle brands, are seeing their popularity soar, overshadowing foreign car manufacturers in the world's top auto market.
Source: chinadaily.com.cn
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Chinese automotive brands, especially electric vehicle brands, are seeing their popularity soar, overshadowing foreign car manufacturers in the world's top auto market.
China is already a leading player in the smart electric vehicle segment, which experts said may prompt the country to reshape the global auto industry by the end of this decade.
Chinese consumers have long been willing to pay a higher premium for international brands, but this trend is changing in the Chinese automobile market.