REUTERS/Angelika Warmuth/File Photo Acquire Licensing RightsMUNICH, Sept 6 (Reuters) - German carmakers are ready to tackle their worst crisis, an executive at Chinese EV maker Xpeng said on Wednesday, as China's carmakers expand overseas, putting pressure on Europe in the race to electrify.
Globally, China leads EV sales, the latest data from tech industry researcher Counterpoint shows.
The U.S. has the fastest growing EV sales with Germany in third place.
"The Chinese companies are flooding into overseas markets like mushrooms, deepening their sense of crisis," Gu said.
German Chancellor Olaf Scholz said EV competition from abroad should be a spur, not a worry for German carmakers.
Persons:
Olaf Scholz, Hildegard Mueller, Markus Soeder, Angelika Warmuth, Xpeng, Brian Gu, Gu, Jia Jianxu, Zheng, Zhang Yan, Victoria Waldersee, Josephine Mason, Elaine Hardcastle
Organizations:
German Association of, Automotive, REUTERS, Rights, HK, IAA, EV, Germany, Reuters, Volkswagen, SAIC, Xuanyuan Academy, Germany's IAA, New Energy Vehicle Congress, Gang, Thomson
Locations:
Bavarian, Munich, Germany, Europe, Xpeng, China, U.S, Britain, France