How Chinese Automakers Like Geely And BYD Are Taking Over The UK
Chinese automakers have captured more than 30% of the UK’s EV market, up from less than 1% seven years ago. Government subsidies allow brands like
Chinese automakers have captured more than 30% of the UK’s EV market, up from less than 1% seven years ago. Government subsidies allow brands like BYD and Geely to price vehicles thousands of pounds below European competitors. As Volkswagen’s profits fall and Tesla’s UK market share drops, American and European automakers are racing to respond to China’s growing global push. Chapters Intro | 00:00 - 01:08 Chapter 1: Chinese cars in the UK | 01:09 - 02:28 Chapter 2: China’s global growth | 02:29 - 4:46 Chapter 3: American brands | 4:47 - 6:06 Credits Reporting by Philip LeBeau Senior Field Producer Meghan Reeder Camera by Michael Green Edited by Darren Geeter Senior Director of Video Lindsey Jacobson Additional Footage Getty Images » Subscribe to CNBC » Subscribe to CNBC TV About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered.
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