Chinese autos looking to meet global demand
7 months, 1 week ago

Chinese autos looking to meet global demand

China Daily  

The booth of Zhejiang Shuanghuan Driveline Co Ltd is seen at an industrial fair in Shanghai in September 2019. Chen said: "Tapping the trend, Chinese automakers and parts suppliers have started venturing overseas and gained significant market share and recognition due to their years of large-scale production, technological advancements, and comprehensive supply chain systems and services." In Central Europe, both leading automotive industry players and specialized niche companies are setting up operations in Serbia and Hungary due to their strategic location, favorable policies and proactive efforts to attract Chinese auto parts manufacturers. Talking about current trade conflicts, Shi said globalization is a necessary choice for not only Chinese auto and parts makers, but also global manufacturers, just like how US, German and Japanese automakers took their supply chains abroad decades ago. "Several Central European countries, including Poland, Slovakia and Hungary, have been the main destinations for Chinese companies' site visits," he said.

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History of this topic

China's NEV boom boon for global auto sector
1 month, 2 weeks ago

China's NEV boom boon for global auto sector

China Daily  

An eVTOL is on display at the seventh China International Import Expo in Shanghai on Nov 7. ZHANG WEI/CHINA DAILY "We aim for the technologies developed in China to influence our R&D approach worldwide, enhancing products and technologies that can be applied across global markets," said Xu. "China's manufacturing sector has matured significantly, providing a strong foundation for us to …

China's NEV boom boon for global auto sector
1 month, 2 weeks ago

China's NEV boom boon for global auto sector

China Daily  

An eVTOL is on display at the seventh China International Import Expo in Shanghai on Nov 7. ZHANG WEI/CHINA DAILY "We aim for the technologies developed in China to influence our R&D approach worldwide, enhancing products and technologies that can be applied across global markets," said Xu. "China's manufacturing sector has matured significantly, providing a strong foundation for us to …

Chinese enterprises' global expansion: Balancing growth and localization
2 months ago

Chinese enterprises' global expansion: Balancing growth and localization

China Daily  

At the 2024 China Enterprise High Quality Going Overseas Forum in Beijing, experts and industry leaders shared insights into how Chinese companies can strategically expand globally. At the 2024 China Enterprise High Quality Going Overseas Forum held recently in Beijing, experts and industry leaders shared insights into how Chinese companies can strategically expand globally, embracing high-quality development in increasingly complex …

Hisense's Global Expansion: A Strategic Move to Boost Profit and Market Share
2 months, 3 weeks ago

Hisense's Global Expansion: A Strategic Move to Boost Profit and Market Share

China Daily  

Chinese appliance makers are expanding their footprint overseas for new profit growth points and long-term development. The company has established six R&D centers and five major manufacturing bases in Europe, with sales revenue in the continent rising 19.5 percent year-on-year to 3.8 billion euros ($4.15 billion).

Appliance makers chart big overseas expansion
2 months, 3 weeks ago

Appliance makers chart big overseas expansion

China Daily  

Employees work on a TV production line at Hisense's industrial park in Atlantis, Western Cape province, South Africa, in April. WU XIAOHUI/CHINA DAILY Chinese home appliance makers are ratcheting up efforts to expand their presence in overseas markets and increase investments in localized operations covering research and development, production and marketing. Experts said establishing overseas manufacturing bases and production lines …

Domestic brands look to grow global markets
6 months ago

Domestic brands look to grow global markets

China Daily  

Workers assemble an electric car in BYD's factory in Rayong, Thailand, on July 4. "BYD's investment in Thailand, along with its advanced production technology, will drive the development of the new energy vehicle industry in Thailand and across ASEAN countries," said Thailand's Minister of Industry Pimphattra Wichaikul. Southeast Asia is emerging as a hub for Chinese carmakers, especially those which …

New advantages, new challenges
6 months, 1 week ago

New advantages, new challenges

China Daily  

MA XUEJING/CHINA DAILY As more Chinese enterprises go global and invest in developed economies, they should be prepared to encounter more barriers and face fiercer competition Data from the State Administration of Foreign Exchange show that China's outbound direct investment amounted to $185.3 billion in 2023, and the importance of ODI is expected to grow in the coming years. As …

Chinese carmakers zoom ahead abroad
6 months, 1 week ago

Chinese carmakers zoom ahead abroad

China Daily  

Chinese carmakers and auto parts manufacturers are increasingly diversifying their overseas production bases to meet growing global demand and address heightened supply chain security concerns, with Central European countries and Mexico becoming hot spots, experts and business executives said. "The two regions also boast good industrial bases with established names that have already set up operations and need good-quality auto …

Chinese carmakers zoom ahead abroad
6 months, 3 weeks ago

Chinese carmakers zoom ahead abroad

China Daily  

Employees work at a factory of Chinese new energy vehicle manufacturer Nio in Hungary. ZHANG FAN/XINHUA Chinese carmakers and auto parts manufacturers are increasingly diversifying their overseas production bases to meet growing global demand and address heightened supply chain security concerns, with Central European countries and Mexico becoming hot spots, experts and business executives said. "The two regions also boast …

Chinese autos looking to meet global demand
7 months, 1 week ago

Chinese autos looking to meet global demand

China Daily  

Visitors check out SW products during a machine expo in Shanghai in April 2018. Norbert Wiest, general manager of SW China, the Chinese branch of German machine tool maker SW, said, "It is logical for China's car industry to go global." Wiest said SW's Hungary branch saw a business boom in the past two years, largely due to orders from …

Auto part firms eye opportunities in Central Europe
7 months, 3 weeks ago

Auto part firms eye opportunities in Central Europe

China Daily  

A screenshot from the website of Chervon-Auto Precision Technology. A growing number of Chinese companies are venturing overseas and launching localized production to embrace globalization, with Hungary emerging as a hot spot of investment, thanks to its strategic location, favorable policies and proactive efforts to attract Chinese auto part manufacturers, said business executives. We also sensed strong demand from our …

Understanding Europe crucial for Chinese carmakers
8 months, 1 week ago

Understanding Europe crucial for Chinese carmakers

China Daily  

Visitors examine an off-road vehicle at the Beijing auto show that runs from April 25 to May 4, 2024. Chinese carmakers will help galvanize the vehicle market in Europe, but if they want to secure a foothold, they need to gain a deep understanding of the destination, said the chief economist of London-based Autovista Group, a pan-European and Australian automotive …

Chinese automakers redefine the car as a living space at Beijing Auto Show
8 months, 2 weeks ago

Chinese automakers redefine the car as a living space at Beijing Auto Show

Associated Press  

BEIJING — How about turning a car’s front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? The seemingly never-ending efforts of China’s electric car makers to redefine the automobile went on display Thursday at the opening of the nation’s largest annual auto show. …

US, EU steps against Chinese EVs defy rules
8 months, 3 weeks ago

US, EU steps against Chinese EVs defy rules

China Daily  

JIN DING/CHINA DAILY China's auto industry has developed by leaps and bounds in recent years — in particular, the export of new energy vehicles has shown rapid growth. After launching a trade war against China in 2018, the US has imposed high tariffs on Chinese automobiles, restricted government procurements, and introduced discriminatory subsidy policies to suppress and/or weaken China's auto …

US companies are finding it hard to avoid China
1 year ago

US companies are finding it hard to avoid China

Live Mint  

HONG KONG—American companies, under heavy pressure to reduce their exposure to China, are increasingly turning to factories in places such as Vietnam, Indonesia and Mexico. Direct U.S. investment into China hit a 20-year low of $8.2 billion last year, according to Rhodium Group, a New York-based research firm. Research by DBS shows that China has significantly increased the amount of …

Local brands expand overseas production
1 year, 2 months ago

Local brands expand overseas production

China Daily  

Visitors inspect a BAIC vehicle at the 2023 Festival of Motoring Johannesburg in South Africa on Aug 27. Countries involved in Belt and Road Initiative provide strong base for global expansion China's Changan signed a deal last week with the Thai authorities to build a vehicle-producing plant in the Southeast Asian country, as the State-owned carmaker revs up efforts to …

Chinese cars electrify world's roads
1 year, 4 months ago

Chinese cars electrify world's roads

China Daily  

NIO's battery-swap station in Ulm, Germany, is put into operation earlier this month. A report from consultancy KPMG forecast that Chinese carmakers are expected to capture around 15 percent of Europe's EV market by 2025, as established players such as BYD and emerging companies such as NIO and Li Auto gain popularity among European consumers. With its affluence, environmental consciousness …

Automakers, suppliers should join hands to make India manufacturing hub: Experts
4 years, 4 months ago

Automakers, suppliers should join hands to make India manufacturing hub: Experts

Live Mint  

NEW DELHI: India’s automakers and component manufacturers should strive to localise bulk of parts imported from China within the next few years to drive cost competitiveness and boost exports, senior industry executives and government officials said. India in retaliation resorted to increased inspection of consignments from China and levied import restriction on certain components like tyres which has adversely impacted …

Customizing heavy-duty trucks to power the world
5 years, 6 months ago

Customizing heavy-duty trucks to power the world

China Daily  

Chinese workers manufacture heavy trucks at the auto plant of China National Heavy Duty Truck Group Corp in Jinan Industrial Park in Jinan, East China's Shandong province. Exports, a broader portfolio, after-sales service in Sinotruk's focus for edge abroad China National Heavy Duty Truck Group Corp - Sinotruk - is seeking bigger market share overseas, and expects this year's exports …

Customizing heavy-duty trucks to power the world
5 years, 6 months ago

Customizing heavy-duty trucks to power the world

China Daily  

Exports, a broader portfolio, after-sales service in Sinotruk's focus for edge abroad China National Heavy Duty Truck Group Corp - Sinotruk - is seeking bigger market share overseas, and expects this year's exports of heavyduty trucks to reach 45,000 units, up almost 24 percent year-on-year, a key company executive said. We are Based in Jinan, capital city of East China's …

Customizing heavy-duty trucks to power the world
5 years, 6 months ago

Customizing heavy-duty trucks to power the world

China Daily  

Chinese workers manufacture heavy trucks at the auto plant of China National Heavy Duty Truck Group Corp in Jinan Industrial Park in Jinan, East China's Shandong province. Exports, a broader portfolio, after-sales service in Sinotruk's focus for edge abroad China National Heavy Duty Truck Group Corp - Sinotruk - is seeking bigger market share overseas, and expects this year's exports …

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