"One Belt, One Road" jointly builds the country into a hot spot for China's automobile exports. In 2023, China's exports of cars to countries involved in the Belt and Road Initiative will account for 65.7% of total vehicle exports.
Southeast Asian countries such as Thailand and Malaysia, and Middle Eastern countries like Saudi Arabia and the United Arab Emirates have attracted many Chinese automobile-related industry companies to promote the “localization strategy” and realize the export of the entire industry chain locally.