Chinese Automakers Increase Overseas Profit Hopes
Chinese automotive manufacturers are aiming for higher profits abroad, particularly in East Asia, Australia, and Europe, following price wars. They are focusing on localization by working with local suppliers and potentially local manufacturers to reduce costs. Despite a small market share in Germany, Chinese electric vehicle registrations are growing rapidly.
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Sources · 7 independent
SWR Aktuell
“Chinesische Hersteller erhoffen sich derweil im Ausland mehr Gewinne. Im vergangenen heißt in Ostasien, in Australien, aber auch in Europa.”
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