China's Chery Seeks Partnership With US Automakers for Market Access
Driven by overcapacity and low domestic demand amid a persistent sluggish economy, Chinese automakers have to expand overseas for higher profit, analysts said.
TL;DR
- Chery, China's top car exporter, is open to partnerships with U.S. automakers.
- The company aims to expand its presence in North America.
- Chinese automakers are already successful in European and Latin American markets with their EVs.
- Analysts believe Chinese car companies can find ways to enter the U.S. market despite restrictions.