The globalization of the Chinese automotive industry is, in essence, a process of open cooperation and mutual benefit, which will bring about threefold opportunities for the global automotive market, industrial ecology, and international cooperation.
Opportunity 1: Expand the supply of advantageous products in the field of new energy sources, meet the diverse needs of the market, and drive the global industry’s transition towards greener practices. Currently, the global automotive industry is accelerating its shift towards electrification and low-carbonization. Established markets such as Europe have implemented stringent carbon reduction regulations and set timelines for the phase-out of fossil fuel vehicles. China, with its comprehensive new energy industry chain and scale advantages, exports technologically advanced and cost-effective electric vehicles that precisely match overseas consumer demands. As the average gasoline price in major European countries like Germany, France, and Italy surpasses 2 euros per liter, the cost of driving gasoline-powered vehicles has increased significantly. Additionally, the resumption or continuation of subsidies for private purchases of new energy vehicles has led to record-breaking sales for Chinese brands. By January to May 2026, Chinese brands’ market share in Europe’s automotive industry has exceeded 7%, with their electric vehicle market share surpassing 10%. This not only provides local consumers with more car-buying options but also promotes the widespread adoption of electric vehicles, helps countries achieve their environmental and emission reduction goals, and drives the transformation of the automotive industry.
Opportunity 2: Promote overseas localization investment and cooperation, jointly build regional automotive industry ecosystems, and drive employment and economic growth. Chinese automakers’ ventures abroad are shifting from “single-product export” to “integrated output of capacity, technology, and ecosystems.” By establishing local production facilities and service networks, they are deeply integrating into local industrial systems. BYD built Europe’s first full-process vehicle manufacturing base in Szeged, Hungary, covering stamping, welding, painting, and assembly processes. This directly generated local employment and simultaneously fostered a local supplier system, activating surrounding automotive parts and logistics supporting industries. Chery Automobile partnered with a Spanish local automaker, Ebro, to start production at a joint venture facility, revitalizing idle automotive capacity in the region. By leveraging Spain’s mature industrial base, they improved regional supporting networks. Such localization investments not only directly create numerous manufacturing and upstream employment opportunities, injecting stable growth into local economies, but also bring China’s experience in new energy vehicle manufacturing and supply chain management to the region, jointly building an electric vehicle ecosystem and enhancing local manufacturing’s technological level and global competitiveness.
Opportunity Three – Through high-level opening up, jointly tackling cutting-edge technologies, and mutually empowering to expand the global market. China has consistently pursued an automotive industry policy of openness and cooperation, welcoming global automakers to conduct in-depth collaborations in areas such as technology research and development, supply chain procurement, and market expansion. This enables the realization of complementary strengths and mutual benefits. In cutting-edge fields like electrification and intelligence, Volkswagen Group and XPeng have reached a platform and software joint development agreement, leveraging the Hefei R&D center to jointly develop intelligent electric vehicles. This has shortened the product development cycle by 30%, while also allowing them to share the cost and efficiency advantages of China’s supply chain through joint procurement. Stellantis Group and Leap Motor have established an international joint venture, based on China’s pure electric technology platform, to jointly develop vehicles and jointly explore the European and global markets. By utilizing China’s well-developed industrial ecosystem and technological advancements, multinational automakers enhance their global competitiveness. At the same time, Chinese automakers further align with international standards and expand global channels through cooperation. Together, both sides can make effective use of both domestic and international markets and resources, driving the global automotive industry toward coordinated development in the context of technological transformation.
The export of Chinese automobiles represents a mutually beneficial process that brings new vitality and opportunities to the global automotive industry. As the Chinese automotive industry accelerates its internationalization, it will work alongside global partners to jointly drive the global automotive industry’s transition to electrification and intelligence, and share the benefits of industrial transformation. (Outlook New Era)
(The author is a senior researcher at the China Automotive Strategy and Policy Research Center.)
Edit：Zeng Mengqi Responsible editor：Li Yi
Source：people.cn
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