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Would You Buy a Chinese Vehicle? If You’re Under 30 the Answer’s Likely “Yes”

Would You Buy a Chinese Vehicle? If You’re Under 30 the Answer’s Likely “Yes”

Chinese auto sales hit record levels last year – both at home and abroad. Automakers like BYD and Geely saw exports grow 400% since the beginning of the decade, making major inroads in markets like Europe and Latin America. For now, only a handful of Chinese vehicles are sold in the U.S., the Biden administration quadrupling tariffs last year. But a new study shows many American buyers eagerly hoping to see the market open up, with younger motorists particularly interested in Chinese vehicles.

Electrified Vehicles Drive China Auto Sales to Record 31.4 Million, Twice U.S. Volume

Electrified Vehicles Drive China Auto Sales to Record 31.4 Million, Twice U.S. Volume

After several weak years triggered by the COVID pandemic, Chinese auto sales surged to a new record nearly twice that of the U.S. market. And strong demand for EVs and hybrids played a critical role, according to industry data. Meanwhile, Chinese auto exports also surged to record levels. More from Headlight.News.