Chinese electric vehicles pose “a real threat” to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard.
Kames spoke from the IAA Mobility Conference in Munich, where the number of Chinese companies has soared since the last event.
Around 40% of the presenters at the conference are from Asia, while the number of Chinese exhibitors in attendance has more than doubled from 29 in 2021 to 75 this year, according to IAA Mobility. There are almost 750 exhibitors in total, from 38 countries.
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