Chinese EV start-up Rox Motor to push overseas amid ruthless domestic price war

Quick Summary:

Shanghai-based carmaker aims to grow sales channels in the Middle East, Africa and Central Asia as price war at home erodes margins.

In August, the European Union announced that additional duties of 9 to 36.3 per cent will be levied on EVs imported from China.

The Shanghai-based carmaker aims to pick up its go-global pace by expanding sales channels in the Middle East, Africa and Central Asia, it said in a statement to the Post.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongAzerbaijanChinaEgyptKuwaitPhilippinesQatarUnited Arab Emirates

Topics: Sales Cent Electric Markets Asia Motor Company Chinese Mainland China’s Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 13:12:16 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22327632

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