Legacy Car Brands are Turning to China to Stay Competitive
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Legacy car brands such as Mazda, Kia, and Hyundai are shifting their electric vehicle production to China to remain competitive in the market. This move is driven by strict emissions penalties and China's dominance in EV battery production, allowing these brands to offer more affordable options to consumers.
Legacy car brands are turning to China for EV production. Mazda's new CX-6e starts at $53,990. Kia and Hyundai are also leveraging Chinese factories to slash EV prices. The shift is driven by Australian emissions penalties and China's EV battery dominance. Mazda's CX-6e is based on Changan Automobile's EPA platform. Kia's EV5 and Hyundai's Elexio are also made in China, offering competitive pricing. Ford is introducing a Chinese-built Bronco Basecamp. These moves aim to secure scale production, slash prices, and meet strict NVES targets.
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