Standard & Poor's Global Automotive Industry Analyst: The trend of Chinese car companies carrying out localized production overseas will become a trend.
Tao Gao, co-director of the automotive analysis for S&P Global China, stated on August 14th that in the process of shifting from production-oriented to consumption-oriented, there will be a more noticeable inventory pressure on car companies in the short term. Currently, most Chinese car companies are accelerating their pace of internationalization, and in the future, more and more Chinese car companies will transition from simple car exports to localized production overseas.
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