Chinese Automakers Accelerate Global Expansion as Domestic Sales Decline

Fuente: International Business Times

Chinese tech giant Xiaomi unveiled its first EV model, the SU7, on Thursday, when it detailed plans to enter the competitive electric vehicle (EV) market. Chinese automakers are rapidly increasing their overseas sales as weaker demand at home continues to pressure the industry. New data released by the China Association of Automobile Manufacturers shows that passenger car exports surged in March, even as domestic sales fell for a fifth straight month.