Overseas Layout of Chinese Passenger Car OEMs and Supply Chain Companies Research Report 2024: Some OEMs have Begun to Deploy their Automotive Technologies Overseas
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
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Source: Globenewswire
Chinese Automobile Exports Growth: China's automobile exports have surged, with a notable increase in new energy vehicle exports to Europe, which is the largest market for battery-electric vehicles. In 2024, China exported 610,000 vehicles in August alone, marking a year-on-year growth of 39%.
Overseas Expansion Strategies: Chinese OEMs are strategically expanding their overseas presence by establishing factories primarily in Southeast Asia and planning future expansions in Europe. Additionally, auto parts companies are also accelerating their global footprint, particularly in Europe, to cater to local automotive industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
