At a time when many of China’s exports are faltering and its consumers are spending less at home, the country is flooding the world with cars.
Chinese automakers have leaped to dominance in Russia since war began in Ukraine, transporting cars by train.
The companies have also captured large shares of markets in Southeast Asia, Australia, South America and Mexico.
With lingering Trump-era tariffs holding back sales to the United States, China’s automakers are preparing a big push into Europe — once they have enough ships.
Shipyards along the Yangtze River are building a fleet of car-carrying ships that act as giant floating parking lots, capable of carrying 5,000 or more cars at a time.
Persons:
Europe —
Organizations:
Shipyards
Locations:
China, Russia, Ukraine, Southeast Asia, Australia, South America, Mexico, United States, Europe