Do we really want America to become a backwater of bloated, expensive, gas-guzzling cars?
The leading Chinese electric vehicle company, with origins as a battery maker, has posted two years of million-car growth in sales.
Hefei has led the country in making electric vehicles and other tech products, but it still has not escaped a nationwide housing crisis.
Sales by BYD, the country’s dominant automaker, topped 3 million last year, including 1.6 million fully battery-powered cars in a sign of China’s rapid growth in EVs.
The announcement underscores the threat to European and U.S. automakers posed by Chinese electric-vehicle manufacturers.
Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
The world’s largest carmaker dominates the sales of hybrid cars but has been slow to sell all-electric vehicles, alienating some customers and hurting sales.
Even as China’s other exports falter, its carmakers are seeing big increases in overseas sales, mainly for gasoline-powered models.
China, an electric-vehicle juggernaut, will have at least seven brands on display, while Germany’s automakers are now a drag on their home economy.
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.