In the development of electric vehicles in the US, Tesla’s skyrocketing sales once attempted to steer the country’s automotive industry toward full electrification—an effort that has now proven unsuccessful. In the US market, both PHEVs and BEVs are ceding ground to hybrid electric vehicles, as the industry leans more ......
Chinese automakers hold significant opportunities in Europe’s 13-million-unit new car market. Entering the European market at the agreed minimum price and within quota limits presents a profitable venture for Chinese brands.