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Chinese Electric Car Companies Target Expansion in Europe While Competition Heats Up at Home


That s helped local players gain an edge in producing battery-powered cars, which they re now aiming to sell overseas. Goldman Sachs analysts predict that in four years, new government policies mean electric cars will account for a greater share of auto sales in Europe and the U.S., versus China, although it is the largest market.
U.S.-listed Nio has said it would enter Europe in the second half of this year. And on Monday, co-founder and president Lihong Qin said the company expects to make an official announcement about such an expansion within a month.
He did not name a specific country, while stating that after Europe, Nio still intends to enter the U.S. market. ....

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Ford's Sales Jumped 7.7% in Europe as Puma SUV, Commercial Vehicles Shine


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Ford Motor Company (NYSE:F) said that its sales in Europe rose 7.7% in the first quarter from a year ago, and 70.6% in March, a year after the initial coronavirus outbreak idled most of its factories in the region. 
In the first three months of 2021, Ford sold almost 260,000 vehicles in the 20 European countries that account for most of its sales. Ford s aggregate share of the market in those 20 countries was 7.2% in the first quarter, up from 6.9% in the first quarter of 2020. ....

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