Chinese multinationals are expanding overseas at an unprecedented scale. Driven by robust supply chains, technological prowess and market-saturated price wars, brands like ByteDance, Shein and BYD are establishing factories, research hubs and customer networks worldwide.
The SCMP Plus 2026 Going Global 100 leaderboard tracks these emerging titans, unpacking the strategic Chuhai or “going global” wave, highlighting hot regional markets, obscure breakout brands and the geopolitical tensions reshaping global trade today.
Chinese multinationals are expanding overseas at an unprecedented scale. Driven by robust supply chains, technological prowess and market-saturated price wars, brands like ByteDance, Shein and BYD are establishing factories, research hubs and customer networks worldwide.
The SCMP Plus 2026 Going Global 100 leaderboard tracks these emerging titans, unpacking the strategic Chuhai or “going global” wave, highlighting hot regional markets, obscure breakout brands and the geopolitical tensions reshaping global trade today.
A detached luxury home in Hong Kong, priced above HK$100 million (about US$13 million), has been exposed as potentially having substandard construction. Only after media coverage did the government acknowledge the seriousness of the problems. The project was also revealed to have been built by a mainland Chinese contractor.
A detached luxury home in Hong Kong, priced above HK$100 million (about US$13 million), has been exposed as potentially having substandard construction. Only after media coverage did the government acknowledge the seriousness of the problems. The project was also revealed to have been built by a mainland Chinese contractor.
Several vloggers on X say work has stopped on the Lower Yarlung Tsangpo Hydropower Project in Tibet. Also known as the Yaxia project and formerly called the Motuo hydropower project, it carries a stated price tag of 1.2 trillion yuan (about 168 billion US dollars). Its installed capacity and annual power output are said to be three times those of the Three Gorges Dam on the Yangtze River. It was promoted as a “project of the century” personally directed by Xi Jinping. Yet just over a year after its official launch, work has stopped, according to those posts. Many people online wonder whether it will end up unfinished, like Xiong’an New Area.
Several vloggers on X say work has stopped on the Lower Yarlung Tsangpo Hydropower Project in Tibet. Also known as the Yaxia project and formerly called the Motuo hydropower project, it carries a stated price tag of 1.2 trillion yuan (about 168 billion US dollars). Its installed capacity and annual power output are said to be three times those of the Three Gorges Dam on the Yangtze River. It was promoted as a “project of the century” personally directed by Xi Jinping. Yet just over a year after its official launch, work has stopped, according to those posts. Many people online wonder whether it will end up unfinished, like Xiong’an New Area.
The rise of Chinese automakers at this year’s Paris Motor Show is causing concern for European car manufacturers and policymakers. WSJ’s Stephen Wilmot explores what vehicles are on offer.
Walk the halls of the 2026 Paris Motor Show and you could be forgiven for thinking you had wandered into a Shanghai expo by mistake. Around 20 Chinese vehicle brands occupy stands at this year’s event — a full third of all automakers present, double the number from just two years ago. At Europe’s biggest auto show, the story is no longer whether Chinese carmakers will arrive. It is whether anyone can stop them.
A Takeover Two Years in the Making
The numbers tell a stark story. When the Paris Motor Show last convened in 2024, nine Chinese brands showed up. This year, roughly 20 have stands, second only to the European contingent itself. Only three American brands — Tesla, Ford and Lucid — bothered to attend, making the Chinese presence the event’s defining feature.
The show, officially the Mondial de l’Auto, runs October 12-18 at the Paris Expo Porte de Versailles across five halls. Unlike recent editions of the Detroit and Los Angeles shows, which felt subdued, Paris has been electric — throngs of attendees crowding around stages for vehicle debuts, with back-to-back press conferences sometimes overlapping as Chinese executives outlined ambitious European manufacturing plans.
The brands on display range from familiar names to total newcomers. BYD, Geely, Chery, Jaecoo and Leapmotor are already taking a significant bite out of European market share. They are joined this year by brands many European buyers have never heard of: Li Auto, Aito, Aion, Avatr, 212 and others, all using Paris as a launching pad for their European ambitions.
BYD Leads the Charge
BYD, the world’s bestselling electric-vehicle brand, has been the show’s headline act. The company unveiled the Atto 8, a large SUV for Europe with flash-charging capability that can replenish much of its battery in just five minutes. Its premium Denza brand showed off the Z supercar alongside an autonomous city-navigation update for the Z9GT grand tourer.
BYD’s broader lineup on display targets the heart of the European market. The Atto 2 DM-i, a compact SUV with the company’s Super Hybrid DM-i powertrain, takes direct aim at the Renault Duster segment. The Shark pickup — a plug-in hybrid pairing a 1.5-litre petrol engine with two electric motors — challenges the Toyota Hilux and Nissan Frontier, offering 56 miles of electric-only range and 436PS of combined output. The Dolphin Surf, Atto 3 EVO, Seal sedan and Sealion 7 round out an electric range designed to cover nearly every mainstream segment.
Luxury, Tech and Spectacle
If BYD brought volume, other Chinese brands brought spectacle. Li Auto, the Beijing-based luxury carmaker, showed off a vehicle with front massage seats, a 21-inch rear entertainment screen and a central console unit that can keep drinks cool or coffee warm. XPeng generated headlines with a demonstration of its autonomous-driving technology around the Arc de Triomphe — navigating the notoriously chaotic roundabout circling Napoleon’s monument under driver supervision. Chief executive He Xiaopeng admitted afterward: “Oh, my God, it’s hard.”
The technology on display underscores how Chinese manufacturers have moved beyond competing on price alone. Autonomous driving, ultra-fast charging, vehicle-to-everything connectivity and software-defined architectures are now central to their pitch — areas where several Chinese brands claim genuine leadership over legacy European rivals.
Europe’s Industry Under Siege
The Chinese advance comes at a painful moment for Europe’s own carmakers. Data from Schmidt Automotive Research shows Chinese brands captured 10.7 percent of the European market in the second quarter of 2026 — up from 5.7 percent a year earlier, and already ahead of Japanese rivals who took decades to build their European presence. European manufacturers’ sales in China, meanwhile, have slumped since the pandemic, removing a profit engine that once subsidized their home-market operations.
The pressure is showing. Volkswagen is cutting thousands of jobs and considering factory closures. BMW is shedding workers. The combined weight of Chinese competition, weak European demand, US tariffs and the enormous costs of electrification is forcing a painful restructuring across the continent’s auto industry.
As one industry consultant put it, Chinese automakers are essentially saying they must dominate Europe because the US market remains closed to them. Had America admitted Chinese brands, Europe might not have become such an intense battleground. Instead, the full force of China’s automotive overcapacity — driven by weaker domestic demand at home — is now directed at European showrooms.
Tariffs Haven’t Stopped the Wave
Europe has not stood idle. The EU imposed tariffs on Chinese-made battery-electric vehicles, and negotiations over EV duties continue. But the competitive response has already evolved beyond pure electrics. Chinese brands are leaning heavily into hybrids and plug-in hybrids — like BYD’s DM-i system — which sidestep the EV-specific tariffs while delivering much of the efficiency benefit. Several manufacturers have also announced plans to build factories in Europe, which would neutralize the tariff question entirely.
European carmakers are fighting back with their own product offensive: new affordable EVs, revived icons like the electric Renault 5 and a forthcoming Citroen 2CV revival priced as low as 13,000 pounds, and Audi’s new A2 e-tron. Whether these can hold the line against the Chinese wave remains the industry’s defining question.
What It Means
The 2026 Paris Motor Show will be remembered as the moment China’s automotive ambitions in Europe became impossible to ignore. Twenty brands, a third of the show, market share doubling year over year — the trajectory is unmistakable. For European consumers, the result is more choice and sharper prices. For European manufacturers and policymakers, it is an existential challenge that tariffs alone have failed to solve. The battle for Europe’s roads is now fully joined, and Paris was its coming-out party.
Higher tariffs on Chinese EVs helped level the playing field for European carmakers at this year’s Paris Auto Show. But the 20 Chinese brands on display made it clear that China remains a serious competitive threat to the European market.
Higher tariffs on Chinese EVs helped level the playing field for European carmakers at this year’s Paris Auto Show. But the 20 Chinese brands on display made it clear that China remains a serious competitive threat to the European market.
Six women and two men were injured in a stabbing at a shopping centre in the South Korean city of Incheon. A woman suffered a cardiac arrest during the incident. Officers arrested a male suspect and are investigating the motive for the attack. The man reportedly served four years in prison for attempted murder in 2015.
Six women and two men were injured in a stabbing at a shopping centre in the South Korean city of Incheon. A woman suffered a cardiac arrest during the incident. Officers arrested a male suspect and are investigating the motive for the attack. The man reportedly served four years in prison for attempted murder in 2015.
The video shows a packed border crossing between China and Russia. Chinese residents in Russia are lining up with bags and suitcases, crowding toward the passage back home.
The video shows a packed border crossing between China and Russia. Chinese residents in Russia are lining up with bags and suitcases, crowding toward the passage back home.
Public resistance to data centres in India is growing as the likes of Amazon, Google and Microsoft pour billions of dollars into facilities that advance Prime Minister Narendra Modi’s ambition to host “the whole world’s data”. One area of conflict is a community in Andhra Pradesh earmarked for Google’s largest centre outside the US. Local people say the facilities will sap power and water, despite promises the centre will use waterless cooling.
Public resistance to data centres in India is growing as the likes of Amazon, Google and Microsoft pour billions of dollars into facilities that advance Prime Minister Narendra Modi’s ambition to host “the whole world’s data”. One area of conflict is a community in Andhra Pradesh earmarked for Google’s largest centre outside the US. Local people say the facilities will sap power and water, despite promises the centre will use waterless cooling.
Philippine lawmakers moved a step closer to banning minors under the age of 13 from accessing social media platforms. The Lower House of Congress approved a draft measure, which must now be aligned with a Senate version already passed in the wake of three deadly school shootings. The incidents have sparked debate among parents about childhood exposure to online content. While many support curbs, other parents have raised concerns about how restrictions would impact digital learning and communication.
Philippine lawmakers moved a step closer to banning minors under the age of 13 from accessing social media platforms. The Lower House of Congress approved a draft measure, which must now be aligned with a Senate version already passed in the wake of three deadly school shootings. The incidents have sparked debate among parents about childhood exposure to online content. While many support curbs, other parents have raised concerns about how restrictions would impact digital learning and communication.
