Transportation
China Carmakers to Double Overseas Capacity to Beat Tariffs
- Production capacity could reach 2.7 million units, BNEF says
- China EV makers also targeting demand in emerging markets
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Chinese automakers could more than double their overseas full-process manufacturing capacity to beat punitive import tariffs and meet surging demand in emerging markets, according to BloombergNEF.
Exports and knockdown assembly — where key parts of cars are made in China then shipped overseas for assembly — have traditionally been Chinese manufacturers’ preferred approach to tapping foreign markets. But as jurisdictions including the US, the European Union and Turkey impose tariffs, investments in full-process manufacturing are booming, according to the report, published Wednesday.