Chinese carmakers are facing a dilemma as their plans to build overseas production facilities to overcome tariff blows in the US and European markets are being held back by authorities in Beijing for security and geopolitical reasons.
China has delayed approvals for BYD and Geely Auto to produce cars in Brazil and Mexico, according to a Reuters report last week, with officials cautioning the electric vehicle (EV) producers about trade and investment risks arising from policies pursued by US President Donald Trump.
