ONE MILLION electrified vehicles sold in one month! That’s nearly 10X more than the US.
Yet the mentality of US lawmakers is “How to stop Chinese brands from entering our country” instead of “How to help our US carmakers capture more of China’s market.”🤦♂️
$BYD Co., Ltd.(BYDDF)$ $BYD COMPANY-R(81211)$ $NIO Inc.(NIO)$ $NIO-SW(09866)$ $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ $Li Auto(LI)$ $LI AUTO-W(02015)$ $General Motors(GM)$ $Tesla Motors(TSLA)$ $Ford(F)$
China’s overall passenger car market is about done growing. It will keep selling 2.1-2.3m per month. Hard to see this market growing bigger given the dynamics.
This is why Chinese carmakers need to expand their international footprint. They are very aggressive and many are finding initial success in offering value-for-money cars in a huge market once dominated by Japanese, Korean and US brands.
https://x.com/BrianTycangco/status/1831278551305490711
Comments