Chinese carmakers target more European sales with affordable 5-star EVs

Chinese carmakers target more European sales with affordable 5-star EVs

An Xpeng Inc. P7 performance electric car is seen outside the New York Stock Exchange (NYSE) ahead of the Chinese company's IPO trading under the stock symbol "XPEV" in New York, U.S., August 27, 2020. REUTERS/Mike Segar/File Photo

Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features.

In the last few months, several Chinese EVs have received five-star European New Car Assessment Programme (NCAP) ratings – an achievement that requires loading vehicles with active and passive safety features that go well beyond legal requirements.

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