China’s electric vehicle (EV) industry is expected to experience slower growth in its domestic market this year due to changing government policies and market saturation. However, Chinese EV manufacturers are gaining increased access to international markets, which could help offset the slowdown at home.
While domestic sales growth moderates, exports of Chinese-made EVs are rising as companies expand their presence in regions such as Europe and Southeast Asia. This shift highlights a transition from rapid internal expansion to a more balanced global strategy.
**Why this matters**
China is the world’s largest EV market and a leading producer of electric vehicles. Changes in its domestic market dynamics and export strategies will influence global EV supply chains, competition, and the pace of electric vehicle adoption worldwide.
Source: NewsData