Chinese EV makers target global expansion at Auto China amid energy shock
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Chinese electric vehicle (EV) makers at the Beijing auto show are shifting their focus to overseas markets, banking on opportunities from the Middle East crisis to boost profitability amid weak sales at home.
“Going global has become a top choice for Chinese EV builders as they struggle to break even,” said Phate Zhang, founder of Shanghai-based data provider CnEVPost. “The Middle East crisis is acting as a strong catalyst to bolster their overseas deliveries.”
Nearly all major EV assemblers...
“Going global has become a top choice for Chinese EV builders as they struggle to break even,” said Phate Zhang, founder of Shanghai-based data provider CnEVPost. “The Middle East crisis is acting as a strong catalyst to bolster their overseas deliveries.”
Nearly all major EV assemblers...
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