Auto Shanghai 2023: Foreign automakers race to catch up in world’s largest EV market
The market share of EVs has grown from 5% in 2019 to 25% in 2022 in China
Leading global carmakers including Volkswagen and Toyota are rolling out new electric cars at China’s biggest auto show in an attempt to catch up with domestic rivals, according to a news report published by news agency Nikkei Asia on April 20.
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