News / With the US and EU putting up barriers, Chinese EVs could divert to SE Asia

© Suwin Puengsamrong

Automotive intelligence company Jato has identified a lucrative alternative market for Chinese electric vehicle (EV) exporters, as the US and EU continue to build protectionist measures against them.  

“While there are new EVs on the roads across South-east Asia, it is still very much an untapped market,” said Jato.  

The region has a combined GDP of $3.08trn and is estimated to become the fourth-largest economy in the world by 2050, according to Jato data, and new EV sales last year ...