According to Bloomberg, Chinese automakers are set to more than double their overseas full-process manufacturing capacity from 1.2 million vehicles in 2023 to 2.7 million by 2026 in response to punitive tariffs and growing demand in emerging markets. Traditionally relying on exports and knockdown assembly, these manufacturers are now investing heavily in full-process production, which involves all major steps of auto manufacturing and offers higher capacity despite being more capital intensive. Leading brands like BYD, Chery, and Changan are expanding their facilities in countries such as Thailand, Indonesia, and Brazil, while also establishing a presence in Europe through new plants in Hungary and Turkey.