Energy

Chinese EVs Flood Global Markets as Beijing Elevates Autos in Export Strategy

BYD hasn’t sold passenger cars in the United States yet and doesn’t plan to do so in the short term because of America’s stricter policies.
Chinese EVs Flood Global Markets as Beijing Elevates Autos in Export Strategy
Electric cars for export wait to be loaded at Yantai, in eastern China's Shandong Province, on Jan. 10, 2024. AFP via Getty Images
Panos Mourdoukoutas
|Updated:
0:00
Analysis

Chinese carmakers are flooding the world with new energy vehicles (NEVs), except for the United States, where strict policies have been implemented to counter Chinese government subsidies that give EV makers a competitive advantage. This export push is part of a broader strategy by Beijing to make automobiles the cornerstone of its export engine.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”