Chinese EV makers expand globally as competition and tariffs shut them out of the US market
Jun 9, 2025 #GlobalMarkets #ElectricVehicles #BeltAndRoad
Chinese EV makers are expanding globally as domestic competition and a slowing econom
Jun 9, 2025 #GlobalMarkets #ElectricVehicles #BeltAndRoad
Chinese EV makers are expanding globally as domestic competition and a slowing economy squeeze profits.
Many, like Changan Auto, are building overseas plants in countries such as Brazil, Egypt, and Thailand.
Overseas markets now account for a growing share of revenue for Chinese carmakers.
The US market remains largely closed due to 100% tariffs imposed by former President Biden.
Trump has vowed to bring car production back to the US, but China retains a key edge: integrated supply chains.
Chinese EVs benefit from locally sourced batteries and AI, making them more affordable in emerging markets.
In 2024, China exported over 6 million cars, with top buyers including Russia, Mexico, the UAE, and Belgium.
Al Jazeera’s Katrina Yu reports from Chongqing in central China.
Is US dollar dominance at risk?...
Who will win the US-China trade war? ...
55 
