Caixin
Nov 23, 2023 06:15 PM
BUSINESS

Chinese Carmakers Ship More Workers Abroad for Expansion, White Paper Says

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Workers assemble cars on Oct. 9 at a factory in Huzhou, East China’s Zhejiang province. Photo: VCG
Workers assemble cars on Oct. 9 at a factory in Huzhou, East China’s Zhejiang province. Photo: VCG

About 70% of more than 20 Chinese carmakers with a presence outside of China are expected to see an uptick in the number of employees sent to work overseas in 2023, reflecting their increased bet on international expansion as they face intensifying competition at home.

That’s an estimate from a white paper jointly published Monday by three subsidiaries of New York-based risk adviser Marsh McLennan. It came against the backdrop of China having overtaken Japan as the world’s largest car exporter by volume earlier this year.

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