Chinese EV makers go global in bid to boost profits amid price war at home

They are choosing to either assemble vehicles overseas or open more showrooms abroad to promote their smart EVs fitted with sophisticated in-car entertainment systems and high-performance battery packs, in hopes of taking market share from international marques like Volkswagen and Toyota. "Chinese EVs [are proving] to be quite attractive to car users worldwide because of their design and quality," said Cui Dongshu, general secretary of the China Passenger Car Association (CPCA). "As a result, exports of Chinese-made EVs have rapidly increased since 2021. Trade barriers will not drag down their export growth." According to CPCA data, the 50-odd EV builders…