Chinese EV firms could find opportunity in US market under Biden: analysts
Zhang Hongpei Published: Jan 28, 2021 10:23 PM
A Tesla Model 3 electric car is seen at the Automobile exhibition area during the third China International Import Expo (CIIE) in Shanghai, east China, Nov. 6, 2020.Photo:Xinhua
Chinese electric vehicle (EV) producers may discover new opportunities for cooperation and expansion in the US market as the Biden administration aims to promote EVs as a means to achieve its ambitious climate goals.
The US is a developed vehicle market that some Chinese auto producers have failed to enter despite many efforts. But although Washington wants to support domestic vehicle manufacturing, Chinese players will keep trying, observers told the Global Times on Thursday.