Europe Regrets It! Chinese EVs Crash in Europe—Used Cars Drop Like Scrap Metal, Value Halved
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Chinese electric cars are entering the European market in a big way. Relying on massive government subsidies, Chinese electric cars can be sold at ultra-low prices. This has led to the entry-level market in Europe being heavily eroded. However, the German automotive valuation agency found that the depreciation speed of Chinese electric cars and PHEV models is 2 times the industry average, and the speed is still accelerating, making many owners who bought brand new Chinese electric cars start to regret it.
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