👷♀️💶 Affordability, top safety ratings, and high-tech features are the foundation of several Chinese EV makers' plans to win European drivers.
✅🤔 Safety ratings have been a barrier between European shoppers and Chinese brands due to documented crash-test failures in 2006 - 2007.
🇨🇳👨🔧 Now, OEMs like Xpeng have established a retail and service presence in Denmark, the Netherlands, Norway, and Sweden while earning a five-star New Car Assessment Programme (NCAP) ratings.
🤩👩⚖️ The NCAP rating system requires active and passive safety features significantly more advanced than required by law.
🚗📋 Ambitious rental car company sustainability goals could play a big role in Chinese expansion as European production has not yet matched demand.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”