The U.S. will not be flooded with an onslaught of Chinese cars anytime soon, a new report finds. Despite persistent rumors that Chinese made vehicles will soon hit our shores, China’s ambassador to the United States, Zhou Wenzhong, said at a conference this week that China’s automakers lack the production capacity to fulfill an export program.
“The notion of Chinese cars flooding the U.S. market is not a real notion at the moment,” Zhou said. Because of the strong demand within China, automakers would be unable to meet the export demands of a large market such as the U.S. as most Chinese auto plants are already running at or near full capacity.
However, entry into the U.S. market is still in the long-term plan for Chinese automakers. “Entry into the U.S. and Europe market is still an objective for us, but it is a long-term plan,” said Zhang Lin, general manager of Chery International.
Five Chinese automakers will be on display at the Detroit Auto Show, indicating there is still an interest in the U.S. market. Chery, China’s largest automkaer, will not be attending the show.
