VOICED: Chinese car makers eye overseas market

China's auto industry is rapidly expanding, with domestic sales boosting ambitions for international market penetration. Despite being the world's largest car market, China faces challenges like overcapacity and competition from established international brands. Chinese automakers are focusing on exporting SUVs to new markets, including Europe, India, and Brazil. However, they must overcome perceptions about safety and reliability to succeed globally. The industry aims to replicate the success of Western manufacturers, hoping for increased passion for Chinese cars abroad.

What is one of the main strategies Chinese automakers are using to boost their business?

• Increasing the price of their vehicles

• Reducing domestic production

• Establishing a network of overseas offices

• Focusing solely on the domestic market

What is a significant challenge facing China's auto industry?

• High import tariffs

• Insufficient domestic sales

• Overcapacity in production

• Lack of interest in car ownership

Which markets are Chinese automakers planning to focus on for future expansion?

• North American and European markets

• Japanese and South Korean markets

• Indian and Brazilian markets

• Middle Eastern and African markets

What percentage of the domestic market do local carmakers currently hold?

• 90%

• 50%

• 70%

• 30%

How long might it take for Chinese cars to reach the same level of acceptance as US and European brands?

• 30 to 40 years

• 10 to 20 years

• 5 to 10 years

• 1 to 2 years