China’s electric vehicle companies have grown rapidly in recent years, becoming major competitors for American automakers like Tesla.
A BYD plug-in hybrid electric vehicle at the Shanghai International Automobile Industry Auto Show in April.SHANGHAI — When Shanghai held its international auto show this spring, the world’s biggest names were there: Toyota, Ford, BMW and more.
Learn more about this story on “NBC Nightly News with Lester Holt” tonight at 6:30 p.m. ET/5:30 p.m. CT. “China is way ahead of the U.S. in terms of EV adoption,” said Soumen Mandal, a senior analyst for Counterpoint based in Kolkata, India.Hector Retamal / AFP via Getty Images One place those exports are not going is the U.S., amid geopolitical tensions with China and efforts to strengthen U.S. domestic manufacturing.
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