Etiqueta: Changan

LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week's Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan. This year's IAA Mobility, the continent's biggest biennial car show, comes as European automakers lose ground in China - the world's biggest market - in what some executives have described as a "Darwinian" price war. At the same time, to escape pressure at home Chinese automakers are expanding into Europe in search of profits, above all electric vehicle maker BYD, whose global sales soared to 4.2 million cars in 2024, up ten-fold from 2019.

While China and America are going head-to-head for sales in 2025, Japan quietly created an SUV powerful enough to compete with the market leaders.

The company’s market share in China surpassed 10% for the first time in the first half of this year, only 4% behind the country’s top seller of automobiles, BYD.

Brand and Channel Penetration in Lower - Tier Markets: Strategies and Opportunities

Nevo shared four images of the electric Q05, saying that the model will be its first global all-electric compact SUV.

Following BYD’s bold entry into the Korean market, a cadre of Chinese EV brands like Zeekr, Changan and even Xpeng are now eyeing Korea as their next destination — even if it means absorbing losses to gain a foothold.