Namely, BYD, which owns over 40% of the overall local market. That’s not 40% of the local EV market, but 40% of the OVERALL market.
Namely, BYD, which owns over 40% of the overall local market. That’s not 40% of the local EV market, but 40% of the OVERALL market.
Some foreign brands in the US market are distorted by a “luxury” tag.
In VW’s case, I’d argue it’s “semi-luxury” marketing that allows them to charge higher prices in the US for a car that’s otherwise indistinguishable from domestic branded cars.
In the rest of the world, VW is “just a car” and they let their Audi and Porsche divisions charge extra.
Similarly, GM’s Buick is “just a car” in the US, but markets itself as a luxury brand in China.