China to remain top car exporter in 2025 despite slower growth on EU’s EV tariffs

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China to remain top car exporter in 2025 despite slower growth on EU’s EV tariffs - SCMP

Quick Summary:

China’s top auto firms are likely to diversify by introducing petrol cars and hybrid models to blunt the impact of trade barriers.

But the bloc remains an attractive market for Chinese carmakers, who will build more hybrid vehicles to woo European customers.“Europe remains a core market for Chinese carmakers’ globalisation efforts,” he said.“SAIC Motor is a clear example – it introduced hybrid versions of its MG3 and MG ZS models, aiming to challenge Japanese brands’ position in Europe.

That is slower than the projected 29 per cent gain this year and 58 per cent rise in 2023, it said, when China overtook Japan as the world’s largest car exporter.