Kai Liu
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China's auto sales in 2018 is over 28 million, over 23 million of which are passenger cars. Approximately half of the sales comes from Chinese car companies, that is around 14 million, which is a huge number. Due to this tremendous demands from the domestic market, Chinese car companies have not pay much attention to the global market, with the export figure of cars from Chinese automakers standing at around 1 million for the past few years. This begins to change recently as we can see Chinese automakers accelerate their exploration of overseas market by setting up more and more factories overseas or by taking over local brand to gain the market (e.g., Geely acquired Proton, and is selling Geely cars under Proton brand). We can predict that the era of Chinese car companies conquering the global market is arriving. Now let's take a look at the presence of Chinese cars around the globe.
To be continued.
To be continued.