China’s homegrown EV makers are making waves overseas while facing a slowdown at home. What Happened: In the first quarter of 2024, local car brands saw a 40% increase in overseas sales compared to the same period last year, reaching a total of 470,000 units exported, as per CnEVPost, which cited data from the China Passenger Car Association. Who’s Leading The Charge? Leading the pack are established Chinese automakers like SAIC, Chery, Great Wall Motor, and BYD Co. (OTC:BYDDY) (OTC:BYDDF). SAIC, the biggest exporter among them, contributed a quarter of all local brand exports with over 126,00…
