Chinese EVs like Great Wall, BYD, Chery, and SAIC are flooding the streets in places other than the U.S., according to a new report from Bloomberg. While the U.S., Canada, and the EU impose tariffs to protect domestic automakers, emerging markets are embracing Chinese vehicles, creating fresh competition for global carmakers. Places like “Bangkok to Johannesburg to Sao Paulo” are being dominated by the new low cost, sleek EVs that China has been churning out en masse over the last half decade.  Bloomberg writes that China now leads global vehicle exports, shipping 4.9 million passenger cars in 2024—up from less than 1 million in 2020, according to the China Association of Automobile Manufacturers. “Chinese automakers have pushed into lots of global markets with high quality and competitively priced vehicles,” said Abby Chun Tu of S&P Global Mobility, comparing their strategy to past successes of South Korean and Japanese brands. Unlike their predecessors, they also offer advanced software and feature-rich models, even at lower price points. Despite concerns in the U.S. and Europe over China’s EV dominance, most Chinese car exports remain gas-powered, as many developing nations lack EV infrastructure. With a growing foothold, China’s global auto market share could rise from 3% today to […]