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South China Morning Post

South China Morning Post

Embattled Chinese EV maker Hozon eyes exports to survive brutal domestic price war

South China Morning Post
Summary
Nutrition label

86% Informative

Hozon New Energy Automobile plans to sell half of its cars overseas as early as 2026 and attain profitability the same year .

The 10-year-old Shanghai -based carmaker recently downsized its operations following a series of challenges, including a cash crunch, that threatened its survival.

Fang Yunzhou , founder and chairman, says the carmaker is trimming fat to be come lean and efficient.

EV makers in mainland China were capable of producing 17 million units a year at the end of 2023 .