Rail freight operators could win big from a surge of Chinese electric vehicles into Europe, with Shenzhen-based BYD outselling Tesla in the market for the first time.
Figures from Jato Dynamics for April show a 359% year-on-year leap in BYD’s Europe sales, as it registered some 7,231 new vehicles over the period to surpass Tesla, which has led the EV market in Europe for years.
The China-Europe freight rail service achieved a remarkable milestone on May 25 by completing its 90,000th journey
At the end of 2020, the trade turnover between the Benelux countries and China amounted to about USD 98 billion, of which USD 26.09 billion accounted for exports to China and USD 71.86 billion - for import.
