ICE exports

Chinese ICE Cars Dominate Overseas as Leapmotor Founder Boosts Stake

Chinese ICE vehicles from Chery and SAIC are dominating overseas markets like South Africa (16% share) and Chile (33%), exporting 4.57M units in 2024 amid EV slowdowns. Meanwhile, Leapmotor founder Zhu Jiangming boosted his stake for the third time (HK$108.6M), backing record deliveries of 536k units Jan-Nov 2025 despite a 33% stock drop. This showcases China's versatile EV and ICE strategies conquering global demand.