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.
In the first six months of 2023, Chinese auto exports ballooned 75.7% year-on-year to 2.14 million vehicles, extending strong growth seen in the first quarter when China overtook Japan as the world’s largest car exporter for the first time, according to data provided by the China Association of Automobile Manufacturers (CAAM).