| > The EU will probably do the same within max 5 years, European car brands are about to be wiped up if they don't Currently chinese cars are perceived as super low quality and the only strong selling point they have is the price, as they had when Huawei, Xiaomi and other brands entered the smartphone market. If I look at BYD catalogue in the italian website I can see: - the Dolphin starting from about 36k€ when there's the Peugeot e2008 starting from 31k€ and FIAT 600 starting from 31k€ as well - the Atto 3 starting from about 42k€ when rumors say the Peugeot e3008 will start from about 46k€ - two higher end models which are perfectly matched by BMW offerings at the same price and with comparable performance, not even looking at other premium brands such as Audi or Mercedes I specifically made the comparison with BYD but I'm happy to give a look at other brands you could suggest. Even considering chinese carmakers pricing power and old school carmakers lagging behind, I honestly can't see anything disrupting here. ps: Asian phone manufacturers is much different from China phone manufacturers given that in EU all put together they barely reach Samsung market share.
On the same note, let's not forget there are many established asian carmakers outside China ready to take their slice of the cake. |
Huawei was taking off like a rocket in Europe before the US kneecapped them.
> Currently chinese cars are perceived as super low quality and the only strong selling point they have is the price, as they had when Huawei, Xiaomi and other brands entered the smartphone market.
That's always step 1, exactly what Japan (60s, 80s) and Korea (90s, 00s) did. They all move up after a while. Japan, especially, smashed US car companies.