Why US may be open to affordable Chinese cars; BYD’s in-vehicle karaoke: 7 EV reads
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Demand for affordable EVs will force open US market to Chinese models: analysts Consumer demand for affordable electric vehicles is likely to force open the US market to Chinese…
Analysts predict the US market may become more open to Chinese electric vehicles (EVs) due to rising demand for affordable models. Despite current trade barriers, Chinese EV brands could gain a foothold in the US within a few years. Tesla's chances of obtaining approval for higher-level autonomous driving technology in China remain slim, as stated by analysts.
SAIC Motor and General Motors have extended their joint venture by 20 years, until 2047, as they face intense competition from Chinese automakers. Chinese EVs are not just leading in battery and autonomous driving technologies, but also in integrating entertainment features such as karaoke systems. By 2035, Chinese carmakers could capture 15% to 30% of the European automotive market, according to analysts at Citi.
This growth depends on the European Union's approach to tariffs and rules for vehicles made in Europe. Chinese tech giant Xiaomi is not in a rush to turn its substantial investments in artificial intelligence into profits, despite a decline in net profits in the second quarter. CATL, the world's largest EV battery maker, has backed flying cars after its aviation battery system passed a critical safety test.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
