China dwarfs Europe on EV investments, figures show | EURACTIV.com


China has secured €21.7 billion of investment from European carmakers in the past year to produce electric vehicles there, according to figures compiled by T&E, based on the public announcements made by the manufacturers themselves.

This is seven times more than the €3.2 billion they invested in Europe, T&E said, putting the difference to the aggressive policies put in place by the Chinese government to promote electric vehicles.

Source: China dwarfs Europe on EV investments, figures show – EURACTIV.com

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