Chinese Automakers Eyeing American Market for Breakthrough

Chinese automaker Geely, known for its ownership of Volvo, Polestar, and Lotus, may be the Chinese automaker that successfully breaks into the American market. Geely has been a great steward of its brands, investing in EV startups and planning to produce Chinese-built vehicles in the US. Meanwhile, Chinese automakers have retracted a pledge to avoid price wars, leading to intense competition in the EV market. In the US, the American auto industry is rebounding, with General Motors outselling Toyota and Ford on track to become the top brand. Additionally, automakers are exploring the potential of synthetic e-fuels as a way to reduce emissions while still supporting internal combustion engines.