Chinese firms seek to get foothold in Europe
Chinese carmakers are plying their way into Europe, as the continent where the modern gasoline car was invented shifts its focus toward new energy vehicles.
On Thursday, a ship laden with 209 electric Xpeng G3 SUVs left Guangzhou in South China’s Guangdong province bound for Norway. This is the company’s second shipment to the Nordic country, after the first 100 arrived in December.
Xpeng is one of China’s popular electric car startups, but is not the only brand that is exploring the European market, where sales of new energy vehicles are soaring.
Chinese firms seek to get foothold in Europe By LI FUSHENG | China Daily | Updated: 2021-02-08 07:13 Share CLOSE SAIC Motor exports a sizeable number of MG-branded electric vehicles to Europe in October 2020. [Photo/China Daily]
Automobile manufacturers seek to capitalize on continent s push for new energy vehicles
Chinese carmakers are plying their way into Europe, as the continent where the modern gasoline car was invented shifts its focus toward new energy vehicles.
On Thursday, a ship laden with 209 electric Xpeng G3 SUVs left Guangzhou in South China s Guangdong province bound for Norway. This is the company s second shipment to the Nordic country, after the first 100 arrived in December.
SAIC Motor to sell 1.5m vehicles overseas in 2025 chinadaily.com.cn | Updated: 2021-02-01 15:59 A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn]
China s largest carmaker SAIC Motor Corporation is planning to scale up its overseas sales to 1.5 million by 2025, almost four times last year s figure, according to senior executives.
SAIC, partner of US carmaker General Motors and Germany s Volkswagen, sold 390,000 vehicles in overseas markets in 2020, up 11.3 percent from 2019, despite the COVID-19 pandemic. They accounted for over one third of Chinese carmakers total overseas deliveries in the year. To be honest, the overseas markets are huge, said Yu De, managing director of SAIC Motor International Business Department, in an interview on Friday.
SAIC Motor s popularity grows in overseas markets chinadaily.com.cn | Updated: 2021-01-08 17:12 A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn]
In spite of the COVID-19 pandemic, SAIC Motor Corporation saw its overseas deliveries in 2020 soar 11.3 percent year-on-year to 390,000 vehicles, accounting for roughly one third of China s total vehicle exports in the year.
SAIC, China s largest carmaker and a partner of General Motors and Volkswagen, has set a goal of selling 1 million vehicles in overseas markets in 2025.
SAIC established its international business unit in 2011. It s now present in over 60 countries and regions, with a sales network of over 810 dealerships. It has nine markets in which annual sales can reach 10,000 vehicles.