They are choosing to either assemble vehicles overseas or open more showrooms abroad to promote their smart EVs fitted with sophisticated in-car entertainment systems and high-performance battery packs, in hopes of taking market share from international marques like Volkswagen and Toyota.
“Chinese EVs [are proving] to be quite attractive to car users worldwide because of their design and quality,” said Cui Dongshu, general secretary of the China Passenger Car Association (CPCA). “As a result, exports of Chinese-made EVs have rapidly increased since 2021. Trade barriers will not drag down their export growth.”
According to CPCA data, the 50-odd EV builders in mainland China exported a total of 2.01 million pure electric and plug-in hybrid vehicles overseas in the first eight months of the year, up 51 per cent from the same period a year earlier.
10:08
How Chinese companies have pulled ahead of Tesla in the electric vehicle race
How Chinese companies have pulled ahead of Tesla in the electric vehicle race
The government-backed industry consortium forecasts 5.46 million overseas deliveries of Chinese-made cars, including petrol vehicles, this year, up 14 per cent from 2024.
