Yes, but the dynamics of demand is rapidly changing. Look at the micromobility sector - there was nothing 5ish years ago, and now scooter and ebikes are everywhere.
the only thing keeping Chinese vehicles out are trade restrictions. Look at Europe: VW is in dire straights because they can’t compete with Chinese EVs.
To be fair, VW is in it mainly because of Diesel gate and the several billions they owe because of it, but yeah as a consequence they also severely lack innovation especially in EVs
Yes, but the dynamics of demand is rapidly changing. Look at the micromobility sector - there was nothing 5ish years ago, and now scooter and ebikes are everywhere.
the only thing keeping Chinese vehicles out are trade restrictions. Look at Europe: VW is in dire straights because they can’t compete with Chinese EVs.
To be fair, VW is in it mainly because of Diesel gate and the several billions they owe because of it, but yeah as a consequence they also severely lack innovation especially in EVs