Chinese EV Strategy Struggles

This is a China news story, published by Yahoo Finance, that relates primarily to Ling Ji news.

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Chinese electric vehicle

South China Morning Post

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Chinese EV makers' go-global drive hits bumps amid Beijing's warning, failed deals

Summary

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85% Informative

China 's go-global strategy of electric vehicle ( EV ) makers has hit speed bumps after Beijing warned them not to invest in certain markets and a battery maker's failed US$4 billion plan for production in Germany provided a bitter lesson.

Companies are realising that cost advantages and a grasp of core technologies are not enough to guarantee the success of multibillion-dollar investments in countries where consumers are not yet familiar with Chinese EV brands.

By the end of 2023 , the mainland had one public charging station for every seven EVs, while in the EU the number is 13 .

Beijing remains committed to seeing the country's EV makers thrive overseas.

" Chinese carmakers will actively integrate themselves into the global automotive industry," China 's vice-minister of commerce Ling Ji said last week .

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formal

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English

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not hateful