Can the U.S. Keep Chinese Cars Out?
6/3/202617 min
China’s carmakers like BYD, Geely and Great Wall Motor have seen immense growth in recent years. But their cars are not for sale in the U.S. due to high tariffs and tight regulations. WSJ’s Ryan Felton reports on America’s rising interest in Chinese cars, particularly because they’re so affordable. Jessica Mendoza hosts. Further Listening: - Move Over, Humans. China's Robots Are Taking Over
- How China's BYD Overtook Tesla
- China and the U.S. Are in a Race for AI Supremacy Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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First 90 secondsSpeaker 0· Soundbite0:05
Bienvenidos a BYD King Launch. Por favor, demos la- In 2024, BYD threw a big event in Mexico. Hola, ¿qué tal? ¿Cómo están? Buenos- The Chinese electric vehicle company was celebrating one year in the country. ¿Me escucha bien? ¿Le suben un poquito el- Executives took the stage to announce a new model, and the CEO of BYD Mexico talked about a hybrid SUV that sold out in the country in just a few weeks. Más vendida de toda la historia en el mercado mexicano en apenas tres meses de trabajo.
Jessica Mendoza· Host0:34
[audience cheering] He also set a big goal, to sell 50,000 BYD cars in Mexico by the end of that year.
Speaker 0· Soundbite0:44
50,000 ventas a nivel nacional en este año. Vamos creciendo. Duplica- These days, industry executives estimate that BYD is selling closer to 80,000 cars a year in Mexico, capturing a huge chunk of the country's EV market.
Jessica Mendoza· Host0:59
Chinese vehicles overall make up a quarter of total car sales there. But if you're in the US, you might have missed the hype. That's because here, all of these cars are effectively banned. Still, as more Chinese vehicles show up in America's backyard, more US drivers are taking notice.
Ryan Felton1:22
These cars aren't sold here right now, but what's clear is there is more interest.
Jessica Mendoza· Host1:28
Our colleague, Ryan