Chinese EV makers focusing on global expansion
- Chinese EV makers are looking to expand their presence in international markets.
- Years of state subsidies have helped boost domestic sales in China.
- EV makers are leveraging their experience of keeping costs low and a stable supply chain to expand abroad.
Author’s take:
After benefiting from state subsidies and establishing themselves as strong players in the domestic market, Chinese EV makers are now eyeing global expansion. With their expertise in cost management and a well-established supply chain, these companies are in a strong position to compete in international markets. As they venture abroad, it will be interesting to see how they adapt to different consumer preferences and regulatory landscapes.