China's electric carmakers make their move on Europe

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By Nick Carey and Yilei Sun
MUNICH/BEIJING (Reuters) - China's electric carmakers are darting into Europe, hoping to catch traditional auto giants cold and seize a slice of a market supercharged by the continent's drive towards zero emissions.
Nio Inc, among a small group of challengers, launches its ES8 electric SUV in Oslo on Thursday - the first foray outside China for a company that is virtually unheard of in Europe even though it's valued at about $57 billion.
Other brands unfamiliar to many Europeans that have started selling or plan to sell cars on the continent include Aiways, BYD's Tang, SAIC's MG, Dongfeng's VOYAH, and Great Wall's ORA.
Yet Europe, a crowded, competitive car market dominated by famous brands, has proved elusive for ...


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