Can Chinese electric vehicles take on the world?

Benchmark Mineral Intelligence

From innovative startups to industry giants like BYD China dominates the global electric car market. Yet the industry is facing increasing protectionism abroad. Last week the European Union voted to impose tariffs as high as 45% on electric vehicles from China, while the US has proposed 100% tariffs on Chinese EVs. What accounts for their cost advantage and will they still be able to succeed in Europe despite the tariffs? Analysts from Benchmark, Rho Motion and electric vehicle analyst Roger Atkins examine the state of the industry and the supply chain advantage Chinese EV companies have.