Japan BYD
In 2023, Osamu Furukawa stands next to his new BYD ATTO 3 electric car in Yokohama. His car is parked next to a Volkswagen that has been converted into an EV.
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Chinese electric cars are now competing with global brands on their own markets. Tesla's chief finance officer said that the low prices and fast-developing technologies of Chinese electric cars are'scary'. BYD is the most popular Chinese electric car brand. In February, it opened a dealer in Japan. NIO, which makes premium SUVs at a high price, exports its products to Europe. With the help of dollar-based subsidies, the ruling Communist Party made China the largest EV market. The ruling party wants China to be a leader in renewable energy and other profitable technology. Zeekr, from the Geely Group, and Ora (a unit of Great Wall Motors), a SUV manufacturer's subsidiary, are also Chinese EV exporters.