With America off-limits, China EV makers aim to conquer rest of world


Source: finance.yahoo.com finance.yahoo.com

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BEIJING—Chinese automakers will focus on global markets outside the U.S. now that the Biden administration has declared America off-limits to made-in-China electric cars. The 100% tariffs on Chinese EVs announced Tuesday in Washington are more of a symbolic blow than a practical one for Chinese carmakers. They have almost no business in the U.S. and already recognized that the political hurdles to entering the market were insurmountable. Most Read from The Wall Street Journal The cold shoulder from Washington won’t change Chinese EV makers’ ambitions for global dominance, analysts said, but it will spur adjustments. The companies will emphasize emerging...