Applications: Electric Vehicles (EV)

Chinese Automakers Expand Into Europe And The Global South MAJOR CHINESE BEV OVERSEAS PRODUCTION PLANS

Chinese companies are expediting global expansion and leveraging their cost advantages

Domestic competition and foreign trade policies are prompting them to build overseas, despite the higher costs of production and supply chain procurement

Europe has welcomed localization but US has, generally speaking, been against Chinese entry

Chinese OEMs are therefore focusing on 'Global South' and third countries, such as Hungary, Mexico, Brazil, South East Asia

Source: Content & analysis provided courtesy of CRU Group Distinguished Partner). Not an exhaustive list. Includes kit production. Geelyʼs presence in the US is through its ownership of the Volvo brand, owned by Geely Group. BYD postponed plans its plans in Mexico in September 2024.

Extracted from the PDF; charts and images may read imperfectly.