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Western carmakers are racing to catch up with Chinese competitors in the crucial electric vehicle market at the Shanghai Auto Show.

China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday, who are racing to catch up with Chinese competitors in the crucial electric vehicle market.

BYD is catching up on Tesla's primacy fast and intends to develop further in Europe and North America.

Chinese media reported that the company has set its 2023 sales target at three million units.

BYD's vice president said the company planned to export 300,000 EVs this year, compared to 50,000 the year before, state broadcaster CCTV said.

It already has a foothold in the European market, starting with a presence in Norway before expanding into other European countries.

Other Chinese brands are also looking to expand west.

Zeekr, a premium electric brand owned by Geely, confirmed on Tuesday that it would enter the European market.

"Europe for us is a very important region," Spiros Fotinos, its Europe CEO, told AFP. "It's a mature yet complicated market as we prepare ourselves for global expansion... that gives us a headstart in entering other regions as well."

It was the first time since 2019 that most international executives came to the Shanghai show, one of the industry's most important.

"It's amazing to be back here," Fotinos said.

"You see the enthusiasm and the excitement and the sheer number of people who are here today. Clearly people have missed this opportunity."

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China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday, who are racing to catch up with Chinese competitors in the crucial electric vehicle market.

BYD is catching up on Tesla's primacy fast and intends to develop further in Europe and North America.

Chinese media reported that the company has set its 2023 sales target at three million units.

BYD's vice president said the company planned to export 300,000 EVs this year, compared to 50,000 the year before, state broadcaster CCTV said.

It already has a foothold in the European market, starting with a presence in Norway before expanding into other European countries.

Other Chinese brands are also looking to expand west.

Zeekr, a premium electric brand owned by Geely, confirmed on Tuesday that it would enter the European market.

It was the first time since 2019 that most international executives came to the Shanghai show, one of the industry's most important.

"It's amazing to be back here," Fotinos said.

"You see the enthusiasm and the excitement and the sheer number of people who are here today. Clearly people have missed this opportunity."

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