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Feed/Economy · Finance/Modal Labs in talks to raise funds at $15 billion valuation, Bloomberg News reports

Economy · FinanceOngoing · 11

China’s carmakers eye record 12 million overseas sales in 2026 as ‘go global’ plan pays off

Daniel Ren · South China Morning Post

Published 1 Oct 2026, 4:00 pm·6 d ago·1 min read

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Chinese automotive groups have cause to celebrate their go-global strategy amid breakneck export growth in recent years, with deliveries in 2026 expected to beat expectations already buoyed by an international energy shock caused by conflict in the Middle East. Leading carmakers from BYD to Chery Automobile have doubled down on overseas expansion, with some evolving into powerful contenders in markets such as Europe and Africa, which were once dominated by the likes of Volkswagen. “A sluggish...

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Modal Labs in talks to raise funds at $15 billion valuation, Bloomberg News reports

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China’s carmakers eye record 12 million overseas sales in 2026 as ‘go global’ plan pays off · [BRAND]