Chinese EVs Surge in Global Markets

Chinese EVs Surge in Global Markets

OilPrice.com

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Chinese EVs like Great Wall, BYD, Chery, and SAIC are flooding the streets in places other than the U.S., according to a new report from Bloomberg. While the U.S., Canada, and the EU impose tariffs to protect domestic automakers, emerging markets are embracing Chinese vehicles, creating fresh competition for global carmakers. Places like "Bangkok to Johannesburg to Sao Paulo" are being dominated by the new low cost, sleek EVs that China has been churning out en masse over the last half decade.  Bloomberg writes that China now leads global…

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