China’s EV makers, unfazed by US, European export curbs, will push overseas vehicle shipments to new heights, analysts say
By JerryPublished On May 8, 2024
China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in developing and manufacturing electric cars goes from strength to strength.
Curbs on exports of Chinese-made cars in the US and European Union will not deter major assemblers from BYD to Chery Automobile from pursuing their global ambitions as they look to localise their production facilities outside mainland China, industry officials and analysts say.