Globalization strategy of Chinese car companies continues to accelerate_Securities Times

Securities Times e company news, at present, the globalization of China’s auto industry has shown a rapid growth trend. After more than ten years of deep cultivation, the way Chinese auto companies go overseas for their own brands has gradually evolved from a simple export trade model to a “locally adapted” model of building factories overseas, purchasing parts locally, and producing and selling them. These measures have brought about the outstanding performance of China’s self-owned brand car exports: in 2021, China’s self-owned brand car exports will exceed 2 million for the first time, achieving a breakthrough that has been hovering around 1 million for many years; Driven by factors such as the improvement of the export market, the market share of Chinese brand automobiles in 2021 will exceed 44%, which is close to the best level in history. (Economic Information Daily)