Chinese EV companies have announced plans to invest millions to build new factories in Thailand and Brazil, and they have opened showrooms in Zambia, Kenya and South Africa.
Ryan Berg, director of the Americas program at the Center for Strategic and International Studies, said the EV market is like a balloon that is fully blown up.
Earlier this year, Great Wall became the first Chinese EV company to mass-produce electric vehicles overseas through its production facilities in Thailand.
Paul Nantulya, a China specialist at the Africa Center for Strategic Studies at the National Defense University in Washington, said Africa provides huge market opportunities for Chinese EV companies.
Berg said geopolitics also is a motivating factor in Beijing's push into developing countries in South America...
News articles remains the property of the source. Tellbrief is a news aggregator.
