CaixinChina's auto exports belie roadblocks to conquering Europe, U.S.
Companies buying foreign brands as a workaround to protectionism, competition
Chinese auto exports ballooned nearly 76% year-on-year In the first six months of 2023, according to data from an industry body in the country. © Reuters
AN LIMIN, CHEN LIXIONG and DING YI, Caixin
August 27, 2023 12:00 JST
Riding the wave of an electric vehicle 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.