More Chinese companies are becoming global players. BYD and other Chinese electric car brands flocked to a German auto show in the last week to announce plans for the European market . Car exports remain a bright spot in China’s overall trade slump, customs data show. Those overseas sales helped boost China’s auto sector earnings by 46% in the second quarter from a year ago, UBS Securities’ China Equity Strategist Lei Meng said in a note Wednesday. In all, BYD, state-owned SAIC and other Chinese companies gained 9% of the global electric car market in the second quarter, up from 5% in the second quarter, Counterpoint Research said. That’s on top of the companies’ share in the domestic Chi
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