Chinese automakers are gaining ground globally with high-tech, stylish, and affordable electric vehicles. Competitors worry about a recent Canada-China trade deal reducing tariffs on Chinese EVs, potentially threatening American auto manufacturers. Chinese vehicles offer high quality, style, and lower prices, with advanced technology and software capabilities that consumers appreciate. Chinese automakers could capture 30% of the global market by 2030, posing a significant challenge to U.S. automakers. Countries have raised concerns about Chinese EVs due to their affordability, technology capabilities, and potential data access. Former President Biden imposed a 100% tariff on Chinese electric cars in 2024, matched by Canada until this week. The Mexican auto market saw significant growth in Chinese EVs last year. Chinese manufacturers are expected to expand into Western markets despite regulatory efforts.

Read more at Yahoo Finance: Chinese EVs are making inroads in North America. That worries industry experts