Chinese automotive conglomerate with global EV push
Chinese automakers have accelerated global expansion in 2026, showcasing rapid advances in batteries, charging and autonomous tech at the Beijing Auto Show while exports have surged. BYD, Geely and CATL have rolled out ultra-fast charging batteries and chargers; Geely is exploring US production through Volvo; legacy automakers are reorganising to respond to the pressure.
European automakers and Chinese EV groups have accelerated strategic shifts as demand softens in China and Europe. BYD and other Chinese makers have ramped exports and plan European factories; Xpeng is prioritising quality and local tech. European firms including Mercedes and Daimler Truck are moving into defence contracts. Rivian has cut under 2% of staff while launching its R2 SUV.