In 2011, Tesla CEO Elon Musk dismissed Chinese electric-car maker BYD, but now the tables have turned as BYD has become the world’s best-selling EV maker. With Chinese EVs making up one-third of electric cars sold globally, American automakers like Tesla, GM, and Ford are feeling the pressure to offer competitive products.

As Chinese brands continue to offer a wide range of EV models at affordable prices, US automakers are being forced to reconsider their strategies. The Chinese government’s support for EV manufacturers has allowed the country to dominate the global market and become the world’s largest auto exporter.

However, Chinese automakers are facing challenges as domestic demand slows, leading them to explore new markets in Europe and the US. To enter the US market, Chinese companies are considering investing in the Mexican auto-parts sector to avoid tariffs on Chinese EV imports.

The rise of Chinese national champions in the EV market has prompted concerns about the future of the American auto industry. Policymakers are now considering raising tariffs to protect domestic jobs, sparking a debate on the impact of globalization on the auto industry.

As Chinese and American automakers race to develop cheaper EV models to compete in the global market, the future of the auto industry remains uncertain. The transformation of the industry is inevitable as Chinese EV companies challenge the dominance of traditional American automakers. Stay tuned to Insider Wales Sport for the latest developments in this evolving industry.