Belgium, once a pioneering force in European automobile manufacturing, has witnessed a remarkable shift since 1997. Multiple automakers have shuttered their local factories, triggering a spike in unemployment and a steady decline in industrial output for three consecutive years. This downturn can be attributed to several factors: the slowing growth of global new car sales, the encroachment of electric vehicles on the traditional market, the surge in European electricity prices due to natural gas supply shortages, and the escalation of logistics costs driven by geopolitical conflicts. Concurrently, China's automobile industry has soared, with the number of new energy vehicles exported to Europe steadily increasing. As a result, Belgium has emerged as a significant export market for China's new energy vehicles. In Europe, Chinese cars, renowned for their exceptional cost-performance ratio, effectively cater to consumers' dual expectations of both vehicle quality and affordability.
