According to a research report by Founder Securities, the anticipated removal of tariffs in the EU's electric vehicle market holds promise for substantial growth prospects for Chinese automakers, potentially unveiling a second major market. The imposition of a minimum price threshold aims to safeguard automakers' profitability, paving the way for Chinese electric vehicle brands to swiftly enter the European market, leveraging their strengths in intelligent systems, battery technology, electric drives, and electronic control systems. It is advisable to keep a close eye on key players such as BYD, XPeng Motors, SAIC Motor, Leopaard Motors, and Geely Automobile.
