BMW supervisory board chairman Nicolas Peter stated that the Chinese car market, being the world’s largest, has room for automakers aside from Chinese ones.
Peter also expressed confidence in the U.S. market, which he described as stable and important, but noted that BMW is selling less in Europe than it is manufacturing, despite its local strategy.
The European auto market could be up to 60% electric on average by 2035, according to Peter.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
