Trade groups say Chinese language electrical autos pose an “existential threat” to the U.S. auto trade.
China presently makes about one out of each three of the world’s new autos, and it has the capability to make much more, in accordance with analysis agency Dunne Insights. However confronted with a rising desire for hybrids at home and a brutal price war, Chinese language automakers want to export more vehicles abroad.
“It is laborious to course of that as a result of we do not see Chinese language vehicles on American roads,” mentioned Dunne Insights founder and CEO Michael Dunne. “Belief me. Go to Australia, to Mexico, to Brazil, to Israel, to South Africa. You are going to see Chinese language vehicles in all places.”
At the same time as China is making progress on its EV targets, the Tesla Mannequin Y grew to become the best-selling car on the planet final yr, in 2023, according to JATO Dynamics. It additionally holds the No. 1 gross sales rank for EVs in the U.S., in addition to being one of many nation’s top sellers general.
So how do Chinese language EVs stack up? CNBC Beijing bureau chief Eunice Yoon examined 4 of them — and the Mannequin Y — to see how they evaluate to the world’s high vendor, and to offer some perception into how non-China rivals may compete in opposition to them.
Watch the video to study extra.
