Amid the challenges posed by climate change and the pursuit of global carbon neutrality goals, the electric vehicle (EV) industry is experiencing rapid growth. Chinese EV makers, boasting advanced technology and significant manufacturing capacity, are swiftly expanding their exports, with more than 1 million EVs exported in 2023, marking a 99.1 percent increase from 2022. … Read more
China’s rapidly evolving electric vehicle (EV) market is plagued by intense price competition amid rising overcapacity. Seeking new markets to diversify from vulnerable domestic positions, Chinese brands are increasingly venturing into international markets, and Southeast Asia has emerged as a particularly promising destination. The expansion of Chinese EV companies into Southeast Asia signifies a strategic … Read more
China’s electric vehicles (EVs) have made serious inroads in Southeast Asia in recent years. Around 75 percent of the region’s EV market is made up of Chinese vehicles. The sales of China’s Wuling Air EV increased by 65.2 percent in 2023, becoming the second most purchased EV brand in Indonesia. Last year, China’s BYD remained … Read more
China produced almost 60 percent of the world’s electric vehicles (EVs) in 2022. In Central Asia, the market for EVs is small but growing, and Chinese companies are especially dominant. While imports from China accounted for only 3 percent of Europe’s EV sales in 2022, over 90 percent of EVs sold in Uzbekistan that year … Read more