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Electric vehicles

How China’s auto exports contradict roadblocks to conquering Europe and the US

How China’s auto exports contradict roadblocks to conquering Europe and the US
How China’s auto exports contradict roadblocks to conquering Europe and the US
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A view of new cars waiting for export in a port in Yantai in east China's Shandong province on August 23, 2023.

Synopsis

Three of Europe’s best-selling EVs in 2022 were Chinese imports. Yet, Chinese carmakers are facing roadblocks in their expansion overseas as factors such as changes in government policies and geopolitical influences weigh on their ability to grow unchecked.

An Limin, Chen Lixiong and Ding Yi Riding the wave of an electric-vehicle (EV) frenzy and the global shift toward electrification, Chinese automakers have performed well in their push to go global, but the road ahead is not without hurdles, especially from some governments in Europe and the U.S., which are ramping up policies to promote their own EV industries. In the first six months of 2023, Chinese auto exports ballooned 75.7% year-on-year to
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The Economic Times