Commerce teams say Chinese language electrical automobiles pose an “existential menace” to the U.S. auto trade.

China presently makes about one out of each three of the world’s new automobiles, and it has the capability to make much more, in response to analysis agency Dunne Insights. However confronted with a rising choice for hybrids at house and a brutal value conflict, Chinese language automakers need to export extra automobiles overseas.

“It is laborious to course of that as a result of we do not see Chinese language vehicles on American roads,” stated Dunne Insights founder and CEO Michael Dunne. “Belief me. Go to Australia, to Mexico, to Brazil, to Israel, to South Africa. You are going to see Chinese language vehicles everywhere.”

At the same time as China is making progress on its EV objectives, the Tesla Mannequin Y grew to become the best-selling car on the planet final 12 months, in 2023, in response to JATO Dynamics. It additionally holds the No. 1 gross sales rank for EVs within the U.S., in addition to being one of many nation’s high sellers general.

So how do Chinese language EVs stack up? CNBC Beijing bureau chief Eunice Yoon examined 4 of them — and the Mannequin Y — to see how they evaluate to the world’s high vendor, and to present some perception into how non-China rivals may compete towards them.

Watch the video to study extra.