The 2023 German Munich International Auto Show will be held from September 5th to 10th, and the exhibition will attract numerous auto companies from around the world.New Energy VehiclesThe number of Chinese new energy vehicle companies participating in the exhibition has grown significantly compared to the previous period, covering several key areas such as whole cars, batteries, artificial intelligence, all demonstrating the worlds leading technology and quality.

The European market, especially Germany, has always been the main outbound target for Chinese new energy vehicle companies. According to the International Energy Agency data, Europe ranks second in the world in the penetration rate in the new energy vehicle market, only after China. This also makes Europe a key test stone for Chinese car brands.

In terms of price, China’s new energy vehicles have demonstrated strong competitiveness in the European market. Data show that in the first half of 2022, the average selling price of Chinese electric vehicles was much lower than the average selling price of European electric vehicles. In addition, the recent demolition analysis carried out by Swedish Securities against the Daimler AG model further confirmed the cost advantage of China’s new energy vehicles.

Zhejiang China Motor Industry Research Director Consolidated said that the cost advantage of Chinese electric vehicle companies comes from the cost factor of production in China on the one hand, and technology innovation on the other. even in domestic production in Europe, Chinese car companies still enjoy about 25% of the cost advantage, which is a clear competitive advantage for the European market.

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