Chinese EVs dominate global market

The surge in Chinese EV dominance is reshaping the automotive landscape, with brands like Chery looking to expand production in Europe.

Rising fuel prices driven by the Iran war have further accelerated consumer interest in electric cars across the continent.

Western automakers are now facing an 'existential threat' as Chinese manufacturers offer high-performance models at significantly lower price points.

The situation has prompted calls for increased tariffs and protectionist measures in both the U.S. and the UK to safeguard domestic industries from the influx of affordable Chinese imports.