DECRYPTION – American and Chinese start-ups are now competing with traditional manufacturers. But they counterattack.
China and the United States have seen some strange growth in the automotive industry in recent years. They are called Nio, XPeng, Li Auto in the East. Rivian, Lucid Motors, Fisker, Lordstown Motors in the West. Still unknown to the general public, they intend to become, like their Tesla model, renowned brands that bring juicy profits to their shareholders.
Their common point: all have relied entirely on battery-powered models, as the founders of Tesla did eighteen years ago. A boon. Indeed, battery electric technology is now promoted almost all over the world to meet the CO reduction targets set by States. According to forecasts by the International Energy Agency (IEA), annual sales of new electric vehicles worldwide are expected to reach 15 million units in 2025 and 25 million in 2030, or 15% of total sales.
Newcomers
But this focus on the electric of these new…
This article is for subscribers only. You have 88% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for 1€ the first month
Already subscribed? Login