Chinese EVs are now seen posing a 'real threat' to Europe's auto industry
www.cnbc.com
Chinese electric vehicles pose "a real threat" to the European car industry, but the continent's automakers are aware of the competition.

  • Chinese electric vehicles pose “a real threat” to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard.

  • Around 40% of the presenters at the IAA Mobility Conference in Munich are from Asia, while the number of Chinese companies in attendance has more than doubled compared to last year.

  • “I don’t think we are still at the stage where they underestimate the Chinese,” Kames said.

  • @TenderfootGungiEnglish
    10•1 year ago

    BYD is closing in on Tesla in globsl EV sales. And most people in US and Europe have never heard of them.

    The car in the US site at least looks great in pictures and is substantially cheaper than a Tesla. BYD US site on a side note, the US flags all over the US site are interesting.

    Here is what they sell in China: All BYD models

    • Dudewitbow
      2•1 year ago

      As long as chinese cars pass local saftey regulations and arent as bad inteoduction wise as Vinfast (whose western introduction to the market was abysmal) they’ll do fine. The key is the UX, and if BYD repeats what vinfast did pushing a vehicle out the door too early, its going to be a bad time.