Chinese EV Makers Target Global Markets Amid Energy Shock
Chinese electric vehicle manufacturers are shifting their focus to international markets. They are banking on opportunities stemming from the Middle East crisis to boost profitability due to weak domestic sales.
Chinese electric vehicle (EV) makers at the Beijing auto show are shifting their focus to overseas markets, banking on opportunities from the Middle East crisis to boost profitability amid weak sales at home. βGoing global has become a top choice for Chinese EV builders as they struggle to break even,β said Phate Zhang, founder of Shanghai-based data provider CnEVPost. βThe Middle East crisis is acting as a strong catalyst to bolster their overseas deliveries.β Nearly all major EV assemblers...