Core Viewpoint - The underlying logic of globalization is being restructured, highlighting the need for a robust financial support system to accompany the rapid growth of China's automotive exports, which reached 6.4 million units in 2024 and is expected to hit 10 million by 2030 [2][3]. Financial Support Challenges - China's automotive industry faces significant financial shortcomings, with the central bank maintaining a conservative stance on overseas automotive financing, which is deemed unsuitable for the industry's development [2][3]. - High overseas financing costs and an underdeveloped network of Chinese banks abroad hinder companies' ability to expand internationally, impacting profit margins and competitiveness [3]. New Energy Vehicle Financing Issues - The rapid evolution of new energy vehicles creates fundamental conflicts with traditional financial product designs, leading to a lack of mature financial solutions for emerging needs such as battery technology and charging infrastructure [4]. - Cross-border capital flow poses additional risks, with companies facing challenges in fund transfers due to sanctions and payment chain vulnerabilities [4]. Policy and Institutional Support - The Chinese government is stepping in to fill the financial gap, with China Export & Credit Insurance Corporation providing $2.2 billion in coverage for 118 new energy vehicle companies in 2024, a 45% increase year-on-year [5]. - Innovative financial products, such as cross-border supply chain financing accounts, are being developed to facilitate capital flow for overseas subsidiaries [5]. Strategic Recommendations - Establishing dedicated automotive finance companies in key overseas markets is recommended to enhance financial support for capable Chinese automakers [6]. - The creation of specialized export support funds or overseas industry development funds is suggested to focus on greenfield investments, mergers and acquisitions, and local operations [6]. Collaborative Approaches - The automotive industry needs to move from isolated efforts to collaborative strategies, similar to the integrated approach of Japanese trading companies, which provide funding and infrastructure support for automotive manufacturers [7][8]. - A comprehensive ecosystem involving manufacturing, finance, after-sales service, and resource recovery is essential for Chinese automotive companies to succeed in international markets [8].