China's Electric-Vehicle Battle Goes Global
🚗 China's Electric-Vehicle Battle Goes Global.
Chinese electric vehicle (EV) manufacturers, led by companies like BYD, are encountering obstacles as they expand their presence overseas due to rising protectionism. Although Chinese EV brands have gained prominence domestically, with electric cars accounting for a significant portion of total sales in China, factors such as the end of generous subsidies, price wars, and weak consumer sentiment are compelling these companies to seek opportunities abroad. China has already become the world's largest exporter of automobiles, primarily driven by the global demand for electric vehicles.