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By Rodrigo Santos Andrade
Chinese EV makers seeking global growth as demand at home slows
visibility comment0 event January 16, 2026 timer 10:31
Chinese EV makers are charging ahead with bold targets for 2026, even as demand at home slows. They are looking overseas for growth — a timely reprieve after China and the European Union agreed to a price floor on EVs, replacing tariffs of up to 35.5%. XPeng’s global sales more than doubled last year from 2024, growing nearly five times faster than market leader BYD. Meanwhile, BYD unseated Tesla for the top spot, even though its domestic sales grew 7.7%, the slowest pace in five years. Deborah Wong reports on the increasingly crowded market.
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