South-East Asia a hotspot for Chinese EV makers

FILE PHOTO: FILE PHOTO-Security guards stand at the BYD booth at the Auto Shanghai show, in Shanghai, China April 19, 2023. REUTERS/Aly Song/file photo/File Photo

Beijing: Chinese new energy vehicle (NEV) makers and battery manufacturers are eyeing overseas production to better explore markets, and South-East Asia sits atop the list of destinations.

Analysts said localised production will enable companies to launch products faster and to come up with products that better meet local demands.