Chinese manufacturers of electric vehicles are looking for new sales markets against the backdrop of rigid competition within the country. The attention of Byd, Zeekr and Deepal (Changan Submarine) is aimed at South Korea: the country’s network has already begun in the country. For example, Byd intends to increase the number of showrooms up to 30 by the end of 2025 and put ten thousand cars to the neighbors.
BYD is currently exporting less than ten percent of the cars, but the auto giant is preparing for expansion and investing in giant ships. In South Korea, the Hyundai concern (along with KIA) occupies 75% of the market, so the arrival of the Chinese will hit the country’s chief car manufacturer.
The Chinese appreciated the real margin of Zeekr, Li Xiang and Voyah, the Ford head revealed, on which Chinese car the Chinese BYD has been driving a car plant with an area of more Paris
It is curious that sales of electric vehicles in South Korea decreased by 3.9% in 2024, but the demand for Tesla flew 6.5 times. The initial goal of Byd, Zeekr and Deepal is to defeat the American manufacturer of “battery” machines. The choice of South Korea as a priority export market is explained by geographical proximity and tough duties from the European Union and the USA.
The BYD parish will force Korean automakers to worry, because in Japan, only 2.5 years passed in the Toyota segment in the Toyota segment. China’s domestic market will overheat the “price wars”, and auto giants are looking for more favorable points of business development.
Three dozen “Chinese”
