Chinese electric vehicle companies accelerate their overseas market expansion efforts

Foreign media: Chinese electric vehicle manufacturers are accelerating their overseas expansion to cope with the dual pressures of slowing domestic sales growth and reduced government subsidies.

Analysts pointed out that automakers can gain a profit of about 20,000 RMB per vehicle sold overseas, so they are launching more models and opening up new markets.

For example, Leap Motor, supported by Stellantis, announced this week that it will launch two models in Brazil and Chile. It plans to display vehicles in 27 cities in Brazil by the end of the year and open five stores in Chile. In the future, it will expand to South American markets such as Argentina, Colombia, and Ecuador.

Original article: www.toutiao.com/article/1850002313196544/

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