Xiaopeng Motors, one of China's emerging electric vehicle "three giants", plans to increase its overseas sales to 50% in the next 10 years.

BYD, China's largest electric vehicle company, also plans to account for more than half of its total sales by 2030. However, Nikkei pointed out that even in China, the world's largest automobile market, competition among enterprises is fierce, and there are huge obstacles to expanding overseas markets.

In April this year, Xiaopeng CEO He Xiaopeng announced at a new car launch conference, "We will account for half of the total sales in the next 10 years."

BYD, which ranks first in China's automobile sales in 2024, has also set a goal of expanding its overseas sales to half by 2030. BYD is growing rapidly, with sales reaching 4.27 million vehicles in 2024, but overseas sales still account for only about 10%, and there is plenty of room for growth.

However, the Nikkei News pointed out that it is not easy to explore overseas markets. In the European market, which Chinese electric vehicle companies focus on, the EU significantly raises tariffs on Chinese electric vehicles in 2024. In addition, the EU and China began negotiating in April to introduce a "lowest price system" rather than tariffs.