In today’s video, I cover a Chinese battery electric SUV, the Chery eQ5. Unlike the Wuling MINI EV which was a tiny city EV with limited range but an amazing price, this Chery eQ5 is a legitimate advanced electric vehicle with some impressive technology at an attractive price.
If you aren’t aware, China is the world’s largest car market over 25 million units sold in 2019. The US sold 17 million units in 2019. China also has the world’s fastest and largest growing market for electric vehicles. Plug in electric vehicles accounted for over 1.2 million units in China which was 3 times more than the US.
There are over 400 electric vehicle manufacturers in China currently. Chery is a major vehicle player in China with over 450,000 units sold in 2019. The Chery eQ5 also called the Big Ant is a compact electric crossover sport utility vehicle. They probably need to change the Big Ant name if it were to be exported to the US or Europe as it doesn’t quite translate well as a luxury vehicle name. The eQ5 was launched in September of 2020.
I know this is a car and not a television but I bet you didn’t know that the top 2 of the 4 market share leaders in television sets sold in the world are Chinese companies TCL and HiSense. The same thing for the cellphone market with Huawei and Xiaomi taking the #2 and #3 spot in worldwide market share. Don’t count out China in the EV market.
I’m not saying that Chery will be the next Toyota but don’t think that Chinese EVs are just cheap junk that won’t be competitive. They’ll be extremely competitive as the Chery eQ5 shows.
What do you think about the Chery eQ5? And let me know in the comments whether you would buy a Chinese EV if it were available for sale in your country? And why or why not? Thanks for watching and if you enjoyed this video, please give it a like. See you in the next video.
#ev #teslakiller #chery