HEFEI, CHINA – JANUARY 17: Workers from Chinese electric vehicle (EV) company NIO inspect vehicles in the final quality control area on the automated production line at the companys manufacturing hub on January 17, 2025 in Hefei, China. China produces and exports more electric vehicles than any other country, leading the global electric vehicle (EV) market with production capacity that now outpaces domestic sales. Luxury brand NIO saw a 38% rise in EV deliveries in 2024 and is looking to further its expansion into overseas markets with a range of premium vehicles, a new lower priced sub-brand, and its battery swapping charging system. Exports of Chinese EVs exceeded two million for the first time in 2024, according to government figures. While the global expansion of Chinas EV industry has triggered trade tensions with the U.S. and Europe where governments are enacting tariffs on China-made electric cars, the companies are making inroads in markets in Asia, South America, and Africa. Chinese brands have become known worldwide for design and advanced EV technology at competitive prices, as they continue to fuel a transition to electric vehicles at home in the worlds largest car market. (Photo by Kevin Frayer/Getty Images)
DETROIT (AP) — China’s rapid development of electric vehicles had competitors concerned even before Canada this week agreed to cut its tariffs on EVs in exchange for concessions on Canadian farm products. Experts say an easier path into Canada could be a big boost for Chinese carmakers, whose EVs are loaded with tech and more affordable where they’re not confronted by tariffs.
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