SHANGHAI (AP) — The world’s auto industry is getting a shake-up from Chinese automakers that are quickly expanding across the globe, offering relatively affordable electric vehicles designed to wow car buyers with sleek designs and the latest high-tech interiors.
Companies like BYD, Great Wall, Geely and Chery Automobile are reaching outward as they build the scale they need to survive cut-throat competition in their home market.
These generally are not state-run giants like SAIC, BAIC and Guangzhou Automotive. The founder of Geely started out making refrigerators.
BYD first built up its expertise in battery technology, now its biggest advantage as the world’s largest-selling EV maker. Some others are technology companies
→ Continue reading at The Associated Press
