Hong Kong is emerging as a key market and testing ground for Chinese EV makers. Here’s why

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Hong Kong is emerging as a key market and testing ground for Chinese EV makers. Here’s why - SCMP

Quick Summary:

Carmakers are turning to Hong Kong as buyers shed their disdain for made-in-China EVs, while companies use the opportunity to fine-tune their products that appeal to markets in Asia and elsewhere.

As there is a lot of competition among EV makers on the mainland, they may want to use Hong Kong as a stepping stone to enter overseas markets, said Wilson Lam, director of car distributor Zung Fu Group.“On the mainland, consumers have their own unique culture and styles that they prefer,” said Lam.“Vehicles designed based on preferences on the mainland may not fit those in Europe, the Americas and Southeast Asia.

Chan Ching-chuen, director of the research centre for EVs at the Hong Kong Polytechnic University and founding president of the World Electric Vehicle Association, said the city needs to further strengthen cooperation with mainland carmakers and firms in the EV supply chain if Hong Kong wants to become an EV testing hub.