Chinese technology companies are paving the way for a world that will be powered by electric motors rather than gas-guzzling engines. It is a decisively 21st-century approach not just to solve its own energy problems, but also to sell batteries and other electric products to everyone else. Canada is its newest buyer of EVs; in a rebuke of Mr. Trump, its prime minister, Mark Carney, lowered tariffs on the cars as part of a new trade deal.
Though Americans have been slow to embrace electric vehicles, Chinese households have learned to love them. In 2025, 54 percent of new cars sold in China were either battery-powered or plug-in hybrids. That is a big reason that the country’s oil consumption is on track to peak in 2027, according to forecasts from the International Energy Agency. And Chinese E.V makers are setting records — whether it’s BYD’s sales (besting Tesla by battery-powered vehicles sold for the first time last year) or Xiaomi’s speed (its cars are setting records at major racetracks like Nürburgring in Germany).
JFC…are people this dumb? The first taste is free buddy, these TEMU EVs are being sold below cost just to attack US industry. BYD has a $38B debt propped up by the Chinese government.
You geniuses forgot about the Biden investment in US battery plants.
Wrong, they are selling cheap to dismount Mercedes, Porsche and BMW in Europe, and it’s working. Once they dump on those 3 companies they will raise the prices to be profitable, but Europe will already have no options. Just wait and see. Chinese EVs are all over Germany now, and it’s only going to increase.