China Dominates Azerbaijan's Electric Vehicle Market ...0

OILPRICE - Economy
China Dominates Azerbaijans Electric Vehicle Market
source : OILPRICE ( Middle East ) () 47
China has carved out a dominating role in Central Asia’s electronic vehicle market. Now, Beijing is looking to replicate its success in the Caucasus. Azerbaijan is emerging as Beijing’s point of entry for the region. During the first 10 months of 2024, Azerbaijan imported 2,592 electric vehicles, with Chinese-manufactured models accounting for a 77 percent share. The trend toward electrification is clear: last year, Azerbaijan imported 15,471 hybrid and electric vehicles from China valued at $396 million, a vast increase over the 4,636…

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