China is winning the battle to establish dominance of the electric car vehicle market and western carmakers must act fast to avoid being left trailing in the slow lane.
That’s the message from leading British automotive industry expert Jim Holder as Chinese carmakers led by BYD overtake established foreign giants like Volkswagen, Nissan and Honda in the country’s domestic market.
Recent figures show that Chinese-owned automakers account for more than half of the country’s domestic market. Volkswagen, formerly the leading car brand in China, was left in third place in the growing EV market.
READ MORE