Chinese carmakers were planning to launch as many as 71 new EV models this year on their home marketan already saturated market.
Chinese electric vehicles are the talk of the world—or at least that part of it that is busy trying to transition from hydrocarbons-fueled to electric transport. For the most part, that talk is worried, because after turning China into the biggest EV market in the world, local carmakers are eyeing global expansion. Now, there's one more reason to worry Chinese EV makers are squeezing out foreign brands at home, too.
' In such a price war environment, foreign ICE brands have little chance of competing successfully. Unfortunately for their makers, so do the electric brands of the global carmakers because, in addition to lowering prices, Chinese manufacturers are improving their vehicles technologically, according to the New York Times. According to a recent report there, Chinese carmakers were planning to launch as many as 71 new EV models this year on their home market—an already saturated market.
China EV Imports Automotive Electric Cars NEV
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