Chinese EVs to Trigger Price War in Britain Amid Continued Battery Safety Concerns

Fierce competition for electric car buyers is expected this year, as China is set to claim one-sixth of the UK electric car market by 2030, according to analysis. Manufacturers of Chinese brands are looking at overseas markets after succeeding domestically, the “Road to 2035” report by online vehicle marketplace Auto Trader said. This is expected to trigger a price war in the UK electric car market this year. Chinese brand MG has captured 4 percent of the market, overtaking Telsa with 3 percent of new car sales. Other Chinese brands, like BYD, GWM and Nio are still struggling with low brand awareness in the UK market, compared with more familiar brands to Britons, like Ford....