The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
A huge domestic market is a strong advantage for Chinese manufacturers.
Even if every single country stops buying Chinese cars, they’ll still have a base of 1.5 billion potential customers.
With more countries actively partnering with China, this number goes up considerably.
Tho, maybe it’s because the Chinese don’t deal with these huge margins they have on cars now. A new car now costs tenfold what a new car would cost a few decades ago