
Localization: The Next Big Move for Chinese Automakers
With car exports from the Chinese mainland surging in June, automakers are eyeing localization as the next crucial step to bolster their global growth.
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With car exports from the Chinese mainland surging in June, automakers are eyeing localization as the next crucial step to bolster their global growth.
China’s car exports hit 2.49M by May, with NEVs soaring 64.6%. Industry insiders at Shanghai’s NEV forum eye continued surge and push for localization.
The Chinese mainland’s EV brands are driving global green mobility with record exports, diverse models, and growing presence from Russia to the EU.
Stephen Ma of Nissan China says every crisis holds opportunity as the automaker plans to ramp up car exports to supplement and complement the international auto market.
China’s auto exports surged 30.5% in the first two months of 2024, with nearly 4,000 cars shipped in a single trip, signaling strong economic confidence and growing global demand.
China’s foreign trade in early 2024 demonstrates impressive diversification and resilience, with significant growth in auto exports and trade with Belt and Road partners, according to experts.