Clarify Group Inc. reposted this
Are you ready? Chinese EV brands like BYD are already growing and taking market share from established brands in several European, Latin American and SE Asian markets. It is only a matter of time before we see these vehicles and brands on Canadian roads. This recent update from CNBC does a nice job describing BYD's ascent including commentary from Clarify Group Inc. friend and collaborator Michael Dunne, CEO of Dunne Insights LLC, a leading global expert on the Asian automotive industry. Michael's keynote presentation at this year's Canadian Automobile Dealers Association - CADA Summit in February was a huge eye opener for both dealers and OEMs alike: "China is a modern automotive Godzilla, the likes of which we have not seen before in our lifetimes... the Chinese [OEMs] are already producing one third of the vehicles on the planet — and they are just getting started."