trade groups Said that China’s electric vehicles constitute “existential threat“For the U.S. auto industry.
Currently, about one-third of the world’s new cars are produced in China, with the ability to produce more, According to research firm Dunne Insights. But faced with a growing domestic preference for hybrids and a brutal price war, the Chinese Carmakers look to export more cars overseas.
“It’s hard to deal with because we don’t see Chinese cars on U.S. roads,” said Michael Dunne, founder and CEO of Dunne Insights. “Trust me. Go to Australia, Mexico, Brazil, Israel, South Africa. You’ll see it everywhere. to Chinese cars.”
Despite China’s progress on electric vehicle goals, the Tesla Model Y became the world’s best-selling car last year, in 2023, According to JATO Dynamics Inc.. It also maintains its number one sales position American electric carsas well as becoming one of the best-selling books in the country.
So how are Chinese electric vehicles performing? CNBC Beijing Bureau Chief Eunice Yoon tested four of these products, along with the Model Y, to see how they compare to the world’s best-selling products and gain insight into how non-Chinese competitors might compare. They compete.
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