Long-range electric vehicle TAILG is embarking on a full-speed overseas strategy. In order to better establish the market overseas by Chinese electric vehicle companies, the first 2024 electric vehicle forum for Ambassador China Travel was held in Beijing today. Ambassadors from more than 10 countries including Asia, Africa, Latin America, and Europe attended the site and held a joint discussion to offer advice and suggestions for establishing overseas markets. As an excellent representative, TAILG was invited to participate and share the experience of overseas business which was widely recognized.
At present, the penetration rate of two-wheeled electric vehicles overseas is relatively low but the market size is huge. According to an overseas research organization, MRFR report data shows that the global electric vehicle market size in 2030 will exceed 100 billion U.S. dollars. Frost & Sullivan's report also shows that the overseas electric vehicle compound annual growth rate is expected to reach 19.4% in the next five years. So China enterprises to establish overseas markets will become an inevitable choice to discover new opportunities and open up new markets.
After more than 20 years of development, TAILG has a perfect industrial cluster effect, a strong supply chain, and rich experience in channel management. Now TAILG has a clear first-mover advantage in the global electric vehicle industry. TAILG group has also actively made a major strategic deployment in October 2023. It will vigorously expand the overseas market and meet the best time to the market worth hundreds of billions of dollars.
The electric vehicle brand overseas forum attracts representative companies from the industrial chain and embassies from more than ten countries around the world. The purpose of the conference is to promote the global popularization of green transportation and solve the application difficulties of the new energy industry. The meeting also discussed solutions to problems such as language barriers, unclear policies, unknown markets, unfamiliar channels, etc, to help Chinese electric vehicle companies go abroad and find new growth curves.
The president of TAILG Yao Li delivered a speech as an authoritative representative of the industry. He said that China's electric vehicle industry is actively responding to the dual-carbon goal to promote electric mobility projects globally, such as TAILG have joined hands with the United Nations Environment Program to promote electric mobility projects in many countries since 2017. He also suggested that the industry should actively link up and jointly promote the overseas expansion of industries.
The vice general manager of the overseas business division of TAILG Huang Jiangsong also shared the overseas markets plans and initiatives. TAILG will vigorously promote the integrated development of research, production, sales, and branding, and push forward the transformation from products to branding overseas.
At the same time, TAILG was also awarded the Overseas Brand. It will also continue to conduct in-depth research on long-range core technologies and promote the overseas expansion of the electric vehicle industry.
