Overview

• China's EV manufacturers, like BYD and Geely, are intensifying their global presence by establishing factories in regions including Europe, Brazil, and Mexico.
• Investments in overseas EV production aim to circumvent Western trade barriers, with significant capital flowing into Europe and North America.
• China's dominance in the EV market is underscored by its 60% share of global sales, prompting strategic expansions to sustain growth.
• The expansion into manufacturing hubs abroad not only aims at market access but also at enhancing local economies like Mexico and Morocco.
• Technological advancements and competitive pricing of Chinese EVs are challenging traditional automakers in the U.S. and Europe, spurring calls for protective tariffs.