China's Global EV Market Share Reaches 76%

12/6/2024 2:05:51 PM

(MENAFN- Investor Brand Network) Recent data has revealed that China's share of the worldwide electric vehicle market has
surged to 76%
thanks to robust domestic demand. The East Asian country has made significant investments in its EV sector over the past decade and is now reaping the results in the domestic and foreign markets.

Even though import tariffs in major Western markets have risked China's exposure to foreign electric vehicle markets, strong demand from...

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