China’s exports of electric vehicles doubled in September from a year earlier as its automakers expanded their reach into overseas markets.
Domestic passenger car sales climbed 11.2 per cent year-on-year in last month down from a 15 per cent rise in August, the China Association of Automobile Manufacturers said Tuesday.
Exports of new energy vehicles, including battery electric vehicles and plug-in hybrids, jumped 100 per cent to 222,000 units in September, the industry organisation said. That was slightly lower than the 224,000 units exported in August.
China’s EV makers have been increasingly looking abroad to markets such as Europe and Southeast Asia as overcapacity and price wars back home have pressured their profit margins. They invested more abroad than inside China last year, for the first time since 2014, the US-based consultancy Rhodium Group said in a recent report.
BYD – one of China’s largest EV makers – said this month that the United Kingdom has become its largest ..​China’s exports of electric vehicles doubled in September from a year earlier as its automakers expanded their reach into overseas markets.
Domestic passenger car sales climbed 11.2 per cent year-on-year in last month down from a 15 per cent rise in August, the China Association of Automobile Manufacturers said Tuesday.
Exports of new energy vehicles, including battery electric vehicles and plug-in hybrids, jumped 100 per cent to 222,000 units in September, the industry organisation said. That was slightly lower than the 224,000 units exported in August.
China’s EV makers have been increasingly looking abroad to markets such as Europe and Southeast Asia as overcapacity and price wars back home have pressured their profit margins. They invested more abroad than inside China last year, for the first time since 2014, the US-based consultancy Rhodium Group said in a recent report.
BYD – one of China’s largest EV makers – said this month that the United Kingdom has become its largest .. ​Latest News [ SOBAN NEWS: International and National ]
