Tag: Chery Automobile Co

China Is Flooding the World With Car Exports

Media Library

At a time when many of China’s exports are faltering and its consumers are spending less at home, the country is flooding the world with cars. Overseas demand for inexpensive vehicles made in China, mostly gasoline-powered models that Chinese consumers now shun in favor of electric cars, is so great that the biggest obstacle to selling more abroad is a lack of specialized ships to carry them. Chinese automakers have leaped to dominance in Russia since war began in Ukraine, transporting cars by train. The companies have also captured large…

In China, a Big Auto Show Returns to a Country That Has Gone Electric

Chin@Strategy

A hall showing off electric vehicles made by Nio, XPeng Motors, Zeekr and dozens of other Chinese companies was mobbed with visitors. An area nearby full of gasoline-powered cars by foreign brands barely got a second look by anyone. At the same event, Volkswagen, which vies with Toyota to be the world’s biggest seller of cars with combustion engines, issued a bold forecast: Within two years, half the cars sold in China, the world’s largest automobile market, will be electric, up from only 6 percent in 2020. The theme at…