Robert Besser
24 Nov 2022, 11:36 GMT+10
BEIJING, China: Chinese electric vehicle (EV) makers aim to win over European drivers and large corporate customers with more affordable cars, which are in line with the highest safety standards and have many high-tech features.
Several Chinese EVs have received five-star European New Car Assessment Programme (NCAP) ratings, which require equipping vehicles with active and passive safety features that are above legal requirements.
"All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng, as quoted by Reuters.
Chinese EV makers have recognized that safety is important to sales, said Matthew Avery, director at Thatcham Research, a British car research centre funded by insurers and a Euro NCAP board member.
"Fleet sales are very important and a lot of fleets have a mandatory five-star rating for buying cars," Avery said, according to Reuters.
To meet sustainability goals, many fleets want to switch to EVs as soon as possible, but as supply chain issues have pushed waiting times for some models to more than 12 months, corporate fleets have struggled to deliver enough EVs to Europe.
Supply chain shortages and high demand have allowed European carmakers to raise EV prices and focus more on retail clients, rather than customers that have traditionally been less profitable, such as car rental firms.
This has created opportunities for Chinese EV makers, which have progressed faster than most foreign rivals in China, by far the world's largest EV market.
French auto consultancy Inovev said that some 155,000 Chinese-made cars were sold in Europe in the first nine months of 2022, or 1.4 percent of the market, with Chinese firms being on track to hit 150,000 cars this year, some double the 80,000 sold in 2021.
According to Inovev, by 2030 EVs will account for 40 percent of Europe's new car sales, and Chinese brands will represent between 12.5 percent to 20 percent of that fully-electric market, with sales of between 725,000 and 1.16 million.
Get a daily dose of Rio De Janeiro Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Rio De Janeiro Sun.
More InformationMadrid [Spain], November 28 (ANI): Spanish footballing giants Real Madrid have opened talks with Argentine head coach Lionel Scaloni to ...
When world leaders gather in Dubai beginning Thursday for COP28, this year's U.N. climate summit, the heads of the world's ...
Washington [US], November 27 (ANI): American singer-songwriter Taylor Swift is bringing her record-breaking Eras Tour to households across the U.S. ...
California [US], November 27 (ANI): According to a University of Queensland study, about one-third of the world's mine tailings are ...
Buenos Aires, Argentina - Argentina's president-elect Javier Milei was traveling Sunday to the United States to meet with U.S. and ...
Cape Town [South Africa], November 26 (ANI): Former South African President Thabo Mbeki emphasized the significance of the Cape Town ...
LIVINGSTON, Kentucky: This week, railroad operator CSX said a train derailment involving 16 cars, two of which spilled molten sulfur ...
Fifty-seven journalists have been killed as of Saturday as a result of Israel's war on Gaza, which has extended to ...
TEL AVIV, Israel - Following Taoiseach Leo Varadkar's statement on Emily Hand's release, Israel's foreign minister says he summoned the ...
WASHINGTON D.C.: The White House says U.S. authorities have foiled a plot to kill a Sikh separatist in the U.S., ...
BANGKOK, Thailand: In response to heightened Chinese activity in the South China Sea, the United States and the Philippines have ...
BEIRUT, Nov. 25 (Xinhua) -- The United Nations Interim Force in Lebanon (UNIFIL) said in a statement on Saturday that ...