Chinese-made EVs to take 25 pct of EU market in 2024: study

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Chinese-made EVs to take 25 pct of EU market in 2024: study

STORY: Chinese-made EVs to take 25 pct of EU market in 2024: study SHOOTING TIME: April 11, 2024 / May 2023 DATELINE: April 12, 2024 LENGTH: 00:00:56 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. various of Chinese car brands at the Automobile Barcelona show (May 2023) 2. various of a Chinese car dealership 3. SOUNDBITE (Spanish): RAUL JARAMILLO, Brand and marketing manager for Kngloo Spain 4. various of the headquarters of the European Union in Brussels STORYLINE: Chinese-made electric cars will capture a quarter of the EU market in 2024, up from 19.5 percent in 2023, Europe's clean transport campaign group Transport and Environment (T&E) said in a recent study. T&E projects that Chinese brands could reach 11 percent of the EU's EV market in 2024 and 20 percent in 2027. Raul Jaramillo, brand and marketing manager for Kngloo Spain, said that to break into the European market, Chinese car brands need to quickly establish a wide network of distributors that "can provide the brand with high-q

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