South Korean media: Chinese electric vehicles are making a big push into overseas markets! On May 30, South Korean media "Everyday Economy" published an article stating that Chinese electric vehicle manufacturers are comprehensively expanding their overseas efforts. XPeng Motors, one of the "big three" emerging Chinese electric vehicle companies, plans to increase its overseas sales share to 50% within the next 10 years. BYD, China's largest electric vehicle company, also plans for over half of its sales to come from overseas by 2030. However, The Nikkei Asian Review pointed out that even in the world's largest automobile market, China, competition between enterprises is fierce and there are significant obstacles to expanding overseas markets. At the new car launch event in April led by He Xiaopeng, CEO of XPeng, he announced, "We will aim for overseas sales to account for half of our total sales within the next 10 years." BYD, which ranked first in Chinese automobile sales in 2024, has set a goal to expand its overseas sales share to half by 2030. BYD is growing rapidly, with sales reaching 4.27 million units in 2024, but its overseas sales still only account for about 10%, indicating ample room for growth. However, The Nikkei Asian Review pointed out that expanding overseas markets is not easy. In the European market, a key focus area for Chinese electric vehicle companies, the EU significantly increased tariffs on Chinese electric vehicles in 2024. Additionally, the EU and China began negotiations in April to introduce a "minimum price system" instead of tariffs. Original source: https://www.toutiao.com/article/1833529842020553/ Disclaimer: This article represents the views of the author alone.