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China expands car exports as domestic market oversupply pushes growth abroad
Photo: TimesLIVE
2026-06-07 23:41   Business   10

China expands car exports as domestic market oversupply pushes growth abroad

Chinese carmakers are rapidly increasing their presence in international markets as overproduction at home drives them to export more vehicles.Despite China being the world's largest car market, a surplus of cars has encouraged manufacturers to target regions such as Europe, the UK, and South Africa, offering competitively priced vehicles equipped with advanced technology.In South Africa, Chinese brands now make up over 20% of vehicle sales, while in the UK, their share has risen to about 15%.

Premium brands like BMW remain resilient in the local market due to their focus on high-end models, comprehensive after-sales support, and established resale value, which new entrants struggle to match.Globally, vehicle sales trends are shifting towards electric vehicles (EVs), though adoption rates vary widely between regions.China leads with over half of new sales being electric or hybrid, Europe trails at around 18%, and the Americas at roughly 6%.BMW continues to offer a mix of internal combustion, hybrid, and electric models, highlighting that Chinese exports are not exclusively EVs.

Overall, the surge in Chinese car exports is reshaping the global automotive landscape, particularly in entry-level and mid-range segments, forcing established automakers to adapt to a more competitive environment.

Full reading at TimesLIVE

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