Technology 3 min read

China EVs set to Dominate the Global Market

China has an army of evs waiting to take over the US and EU markets, but will western markets trust them? | Pixabay

China has an army of evs waiting to take over the US and EU markets, but will western markets trust them? | Pixabay

Chinese automakers proved to be less competitive in the traditional mechanical manufacturing industries.

However, they are more efficient with the electric car.

There are several reasons for this, one of them could be the fact that, technically speaking, the electric engine is much less complex than the combustion one.

The Chinese EV industry has grown so fast over the last decade that, as of now, there are no less than 487 brands of Chinese EV makers.

Supported by the central government and local authorities, proliferating Chinese EV brands range from Tesla-like cars to low-end LSEVs.

LSEVs, or Low-Speed Electric Vehicles, could be the kick EVs needed democratization-wise.

But will Chinese EVs make a big impression in the US market?

Cracking Into the U.S. “Electric” Market

Based only on the phenomenal number of brands, the odds of Chinese EV makers dominating the global market greatly increase.

Already making up half of the global sales, China intends to sell two million EVs in 2020 and as many as sixteen million by 2030.

The wave of Chinese EVs will certainly try to pass by the American shores, not that they haven’t already tried.

Unlike South Korean brands, and Japanese brands before them, Chinese brands have basically failed all their attempts in overcoming the skepticism of American customers.

The Tesla Model S has set the benchmark for luxury electric cars in the US and other markets.

The Model S boasts high-end specs, like 335-mile range, 155 mph top speed, and the ability to supercharge 170 miles of range in just 30 minutes.

But for these and other performance and safety features, you have to expect starting prices of no less than $90,000.

On the other end of the spectrum, we have a new wave of Chinese EVs that are much cheaper, smaller, and slower.

These tiny cars, with limited range and speeds that rarely exceeds 40 mph, make for a huge business in China.

This makes sense because China’s EV industry started with electric bikes after all.

Chinese EV maker Kaiyun Motors think their products can win over customers in the U.S. and Europe.

“Mini-electric vehicles are more than enough to meet consumers’ daily needs,” Kaiyun’s founder Wang Chao told Bloomberg. “There is a huge market out there around the world.”

Read More: Three Countries Driving the Electric Car Revolution

After four years of planning, Kaiyun will start selling its Pickman electric trucks in the U.S. this year.

The company intends to sell as many as 10,000 units of this mini electric truck.

Costing less than $2,500 in China, the Pickman version sold in the U.S. has a $5,000 price tag, and 5,000 euros in Europe.

Several other Chinese brands want to do what no Chinese automaker has ever done: break into the U.S. market.

Qiantu Motors also announced its aim to launch its Qiantu K50 sports car for sale in the United States by 2020.

It still remains to be seen how American and European EVs, and traditional, automakers will keep up with the EV momentum imposed by China.

Read More: Luxury Car Makers Get Futuristic With Electric Hypercar Concepts

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Zayan Guedim

Trilingual poet, investigative journalist, and novelist. Zed loves tackling the big existential questions and all-things quantum.

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