A small Chinese carmaker wants to be the first to successfully crack the US market.
When Guangzhou-based GAC Group rolled out a concept vehicle at the North American International Auto Show last January it was just the latest among a procession of Chinese automakers laying out plans to enter the American car market.
The list includes such things as"processes" and"product." The first model expected to enter Zotye's U.S. lineup debuted barely a month ago at Auto Shanghai. The T600 is a compact crossover that will be aimed at the likes of the Toyota RAV4 and Honda CR-V. It will be followed in 2022 by the midsize T700 crossover and, about a year later, by a three-row model.
Industry observers note that translates into a typical monthly payment of around $550, enough to price millions of potential buyers out of the market, especially millennial and Gen-Z motorists, many already straining to pay off student loans. Hale's HAAH Automotive Holdings negotiated a deal to import and distribute Zotye's products in the U.S., a plan the Chinese carmaker was more than glad to accept, he said, considering it currently has capacity to build 1 million vehicles annually but only sold about 400,000 last year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
5 facts about MPNs, a group of rare blood cancers few Americans knowAwareness of myeloproliferative neoplasms (MPNs), a group of rare blood cancers, can help patients understand and get diagnosed sooner. Story from Incyte mpnsm
Lire la suite »
Trump: GM selling Lordstown plant to small truck-makerGeneral Motors is selling its plant in Lordstown, Ohio, to a small electric truck-maker called Workhorse, President Trump tweeted — news that could blunt anger in the battleground state over the impending loss of 1,700 jobs
Lire la suite »
Chinese group sells Hamleys toy stores to India's Reliance IndustriesHamleys, the world's oldest toy retailer, is set to pass from Chinese to In...
Lire la suite »
American markets are great again for Chinese IPOsA near-record number of Chinese firms went public on U.S. exchanges in 2018. Luckin Coffee is among those continuing the trend this year. It contrasts with sharp drops in Chinese investment amid a trade war and other strains. But the healthy pipeline faces a new Shanghai rival.
Lire la suite »
Opinion | How an American TV show captured the extent of Chinese repressionThe dangers of Chinese censorship were on show for us to see. It’s time to heed the warning.
Lire la suite »
U.S. poised to double tariffs on $200 billion of Chinese imports, escalating U.S.-China trade warU.S. poised to more than double tariffs on $200 billion of Chinese imports, escalating trade war; talks expected to resume Friday
Lire la suite »
Even Ikea wants to sell people on meatless meatballsIkea is beefing up the plant-based version of its signature Swedish meatballs
Lire la suite »