The global automobile industry is experiencing a significant change, while Chinese producers are expanding their presence on international markets. The Paris Auto Show is expected to include 20 Chinese marks this year, according to Reuters report.
Companies like BYD and Cheryl are investing in electrical and hybrid models, targeting consumers seeking modern technology at competitive prices. Their expansion is not limited to Europe, since Chinese brands are increasing presence in other Asian and Latin American markets.
European and American producers are trying to respond by developing new models, lowering costs and investments in batteries and software. The transition to electromagnetic requires great costs, while competition on prices is becoming stronger.
For consumers, expanding the bid could bring more elections and competition. However, buyers should also assess other factors, such as guaranteeing, availability of spare parts, the network of services, and the value of resusciation.
The future of the industry will depend on the ability of companies to combine competitive prices with security, quality and reliable technology.
