In 2022, Europe encounters many unexpected challenges, from the Russian-Ukrainian crisis, gas and energy issues, to industrial and financial problems. For electric vehicles in Europe, the dilemma lies in the fact that subsidies for new energy vehicles in major countries are starting to fall and budgets are limited. The challenge of electricity costs due to higher energy prices, and the issue of electricity constraints. In the overall context, therefore, the development of new energy vehicles in Europe in 2023-2024 returns from the pursuit of carbon emissions to the issue of energy security and the balance between energy supply and industry. Declining subsidies for new energy vehicles in major European markets. Faced with this new challenge, where do electric vehicle manufacturers go from here? Do they stop there?This is not possible.
Electric vehicles have become an unstoppable trend. In fact, the development of new energy vehicles to a certain extent has itself had a great impact on the various segments of the European automotive industry chain, and the impact on the competitiveness of the business end has been reflected in the profitability of European component companies. Those who want to stay in business may have to work on fees and costs.
Nowadays, EV manufacturers and EV component companies want to control costs and expenses in all areas, perhaps by importing components from other countries to assemble complete vehicles. China's electric vehicle sector has developed first. China already has a complete set of technologies and production processes for electric vehicles. This means that the price of electric vehicle parts in China is already stable and appropriate. Therefore, purchasing EV components from China is a good way for EV manufacturers to control costs. We, Hebei Nanfeng Group, are the largest Chinese manufacturer of electric vehicle parts. Our high voltage coolant heaters, electric water pumps and other electric vehicle parts have stood the test of time and are extremely cost effective and high quality products!
Post time: Jan-16-2023
