Chinese EV manufacturers are aggressively targeting global markets with competitively priced electric vehicles, equipped with advanced technology.
Chinese brands like Great Wall, BYD, Chery, and SAIC are increasingly visible outside of North America.
While the U.S., Canada, and Europe impose tariffs to protect domestic automakers, emerging markets are embracing Chinese EVs.
China leads in EV sales, with 4.9 million units sold in 2024, surpassing 2020 figures by over a million units.
"ABI Research" notes Chinese EV strategies rival established brands, offering competitive technology at lower prices.
Ford acknowledges China's dominance in the EV market, shifting focus to Southern Africa and Thailand.
General Motors views Chinese automakers as a rising competitive threat but aims to compete through innovation.