Europe becomes crucial for Chinese automakers’ survival

A price war and excess production capacity are making growth harder for Chinese automakers in their domestic market. For brands such as BYD, Chery and SAIC, Europe is therefore becoming a strategic outlet to increase sales and revenue.

Expansion remains difficult: European Union tariffs on electric cars made in China hurt exports and are encouraging companies to consider local factories, industrial partnerships and dealer networks. A presence in Europe is becoming a necessity, not just an opportunity.