China Wants to Be the World’s EV Factory. It May Succeed.

Source: WSJ

Tesla started to deliver cars made in its Shanghai plant this year.PHOTO: WANG XIANG/ZUMA PRESS

By Jacky Wong

China may be the world’s factory, but it has never been a big exporter of automobiles. It hopes to change that with electric vehicles.

And things are moving along nicely: Tesla said this week it will start exporting its China-made Model 3 to some European countries. BMW’s BMW -0.12% electric sport-utility vehicle iX3 on sale globally will be made by its joint-venture with Chinese partner Brilliance China Automotive.

China is the world’s largest car market—auto sales in 2019 were 28 million units—but it exported only around a million cars last year and mostly to developing countries. Most Chinese brands aren’t well-known in developed markets, and foreign auto makers mostly use their Chinese plants to make cars for the local market, instead of for exports. It is a good sign for China that foreign car makers are beginning to use the country as an export hub for their EVs.

Read further

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.