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The result is that the Chinese suppliers are bringing out cars that are technologically equivalent to the market and will be significantly cheaper than their German competitors. "With Chinese electric cars that cost over 100,000 euros ($110672.50), you will hardly recognize that it is a non-Eur...
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In the same period, South Korea and Japan stood as Israel's second and third most significant suppliers of imported cars. Chinese manufacturer BYD Auto sold the most electric cars, 7,873 units in Israel in the period, mainly the subcompact crossover model Atto 3 and the Dolphin hatchback. ...
Chinese brands also dominated Israel's imported passenger car sales, encompassing both gasoline and electric vehicles, with 14,255 units sold. South Korea and Japan were the second and third-largest suppliers of imported cars in the two months, respectively.■...
The move reflects the broad fallout from the car market’s shift towards electric models, which isforcing suppliers to reinventthemselves. Suppliers have been caught between Europe’s slow recovery in vehicle production to pre-pandemic volumes and sluggish demand growth for battery-powered cars, partl...