Chinese EVs are making inroads in North America. That worries industry experts [Yahoo! Finance]
Ford Motor Company (F)
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Source: Yahoo! Finance
That has had competitors concerned even before Canada this week agreed to cut its tariffs on EVs in exchange for concessions on Canadian farm products. Experts now say an easier path into Canada could be a big boost for Chinese carmakers looking to dominate the global market — particularly as their domestic market weakens — continuing to threaten other auto manufacturers, particularly American companies. “This is telling us that Chinese automakers continue to be really popular, and are doing better and better, and not just something that's sold in global markets that are more marginal or less important to U.S. automakers,” said Ilaria Mazzocco, deputy director and senior fellow with the Trustee Chair in Chinese Business and Economics at the Center for Strategic and International Studies. What makes Chinese vehicles stand out? Chinese-made vehicles are high-quality, stylish and inexpensive, experts say. “It's clear that the vehicles made by Chinese brands come at a very compe
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