Why America Remains A Forbidden Land For Chinese Carmakers [Forbes]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: Forbes
Back for the first time since 2018, the Beijing Motor Show opened last week with the largest and most diverse array of electric and hybrid vehicles on the planet. But the $64,000 question is — just how many will ever make it to the U.S.? So what stood out at the world's biggest and most advanced auto show? As expected, among the approximately 1,500 auto and parts makers exhibiting this week, Chinese automakers stole the show with a mix of new models from BYD, BAIC, Changan, Chery, Denza, Dongfeng, Exeed, Fang Cheng Bao, GAC, GMW, iCar, Lynk&Co, MG, Mona, Nio, Onvo, XPeng, Yangwang and Zeekr, just to name a few. But even with renewed consumer confidence at home, the writing is on the wall. As you can see from the abbreviated list above, there are just too many Chinese carmakers. One estimate puts that total at close to 100 carmakers, and when the dust finally settles, only around a dozen are expected to remain. In an already overcrowded market, oversupply and falling demand ar
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