This year, Tesla achieved impressive success when its Model Y electric crossover became the best-selling car on the European market for the first time in history. However, the company’s boss, Elon Musk, is well aware that a significant threat is approaching from the east in the form of Chinese automakers.
During Wednesday’s interview with analysts, he was supposed to express concern about the emergence of Chinese brands, which are very competitive and without setting up trade barriers could achieve such success that could threaten even established Western automakers.
“If no trade barriers are put in place, they will pretty much destroy most of the other car companies in the world,” Elon Musk is quoted as saying Reuters. “They are extremely good,” added Musk.
BYD is one of the most important Chinese car manufacturers, for example it imports the Seal electric sedan to Europe.
At the same time, the results of the past year testify to the capabilities of the Chinese automobile industry. The Chinese automaker BYD managed to escape Tesla in the last quarter of 2023 and became the largest seller of electric cars worldwide. In addition, China beat Japan to become the world’s largest exporter of cars in 2023.
At the same time, Chinese car companies are just beginning to expand into European markets, where they are slowly developing their activities. It is thus almost certain that the Chinese car industry will at least try to repeat the successes of 2023.
Musk admits problems with the export of the cybertruck, he will only display it in China for now
The electric Tesla Model Y has become the best-selling car in Europe for 2023
2024-01-28 05:10:00
#Elon #Musk #warns #strong #entry #Chinese #car #companies #News
