Chinese EV makers expand globally as competition and tariffs shut them out of the US market

Chinese EV makers are expanding globally as domestic competition and a slowing economy squeeze profits. Many, like Changan Auto, are building overseas plants in countries such as Brazil, Egypt, and Thailand. Overseas markets now account for a growing share of revenue for Chinese carmakers. The US market remains largely closed due to 100% tariffs imposed by former President Biden. Trump has vowed to bring car production back to the US, but China retains a key edge: integrated supply chains. Chinese EVs benefit from locally sourced batteries and AI, making them more affordable in emerging markets. In 2024, China exported over 6 million cars, with top buyers including Russia, Mexico, the UAE, and Belgium. Al Jazeera’s Katrina Yu reports from Chongqing in central China. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #China #ChineseEVs #ElectricVehicles #ChinaAutoExport #EVExpansion #GlobalMarkets #ChanganAuto #BeltAndRoad #USChinaTrade #EmergingMarkets #EVManufacturing #AutomotiveIndustry