Key facts
- BYD and Chery are increasing overseas sales.
- Global demand for electric vehicles is rising.
- Chery is China's largest car exporter.
- Chery delivered three times more vehicles overseas than domestically last month.
Leading Chinese carmakers, including BYD and Chery Automobile, are achieving substantial growth in their international sales. This expansion is fueled by a surge in global demand for electric vehicles (EVs) and the pursuit of higher profitability. Chery, which has been at the forefront of Chinese automotive groups expanding globally, is the country's largest car exporter. Last month, Chery delivered 181,571 vehicles to customers, with its overseas sales volume being three times greater than its domestic sales. This trend indicates a strategic focus by these Chinese manufacturers on international markets to capitalize on the growing EV market and enhance their financial performance.