Chinese vehicle makers to tap potential in global markets

Companies make headway with JVs and acquisitions in BRI economies

China's carmakers are speeding up their expansion into overseas markets, especially in the Belt and Road economies, which is expected to boost their sales and more importantly help improve the local automotive industry.

Zhejiang Geely Holding Group, owner of Volvo Cars, purchased a 49.9 percent stake in Malaysian carmaker Proton in June 2017.Within two years, the brand has shown encouraging signs of fast recovery.