Mark Wakefield News Today

American automakers and their Chinese rivals are heading in different directions. Able to produce far more cars than they can sell in China, Chinese companies like BYD are entering markets all over the world. Their global expansion comes as major U.S. carmakers - whose once-lucrative China sales are withering - have withdrawn from promising markets such as India, Indonesia and Thailand to focus on their North American base.Subscribe to The Post Most newsletter for the most important and interest

Chinese automakers are entering markets all over the world, while American companies like GM and Ford are focusing on North America.

The new tariffs could be great for the U.S. auto industry. The risk is automakers will use them as an excuse to slow-walk their EV plans.

Chinese consumers are going ga-ga over EVs, while American buyers increasingly are saying "not so much." Europeans have become "meh."

US and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China’s top EV maker, BYD, has dramatically hiked export prices compared to what it...

U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition. In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export ...

BYDs EV Exports: Take the BYD Atto 3, a compact electric crossover. In China, the midrange version sells for USD 19,283. In Germany, the little SUV is priced at USD 42,789 - a price thats still competitive with comparable electric vehicles in that market.

EV demand, while slowing near-term in the U.S. is projected to expand long-term. China is in a position to go global with EVs.

The EV revolution is a tempting proposition for entrepreneurs. But the business is not for the faint of heart. Successes tend to have a few common traits.

The uncertainty over Tesla's plans, and delays to EV projects at rival automakers, present would-be EV buyers and Biden administration environmental policy makers with tough choices. Get more Automobile News and Business News on Zee Business.