Chinese EV makers step on gas abroad amid weakening mainland sales

Chinese electric vehicle (EV) builders are increasingly shipping their cars abroad to spur international sales ahead of an expected downturn in their home market, analysts say, as Beijing phases out incentives such as tax holidays and cash subsidies. The carmakers, which can enjoy a net margin of 20,000 yuan (US$706) per vehicle by selling their cars outside mainland China, are rolling out more models and pushing into untapped territories to chase high profitability. Stellantis-backed Leapmotor,...