US Edition
China’s exports of electric vehicles doubled in September as competition at home intensifies
Chinese electric vehicle exports reached 222,000 units in September, doubling year-on-year as domestic market overcapacity and price wars drive overseas expansion.
- Last month, China's automakers doubled exports of new energy vehicles to 222,000 units, the industry organization reported.
- Faced with overcapacity and price wars, Chinese EV makers invested more abroad than inside China last year, Rhodium Group said.
- Domestic passenger car sales climbed 11.2% last month, the China Association of Automobile Manufacturers said Tuesday, while trade-in subsidies helped lift domestic passenger car buyers despite some local suspensions.
- BYD said this month that the United Kingdom is now its largest market outside China after sales there rocketed 100%.
- BYD's monthly domestic sales fell 5.5% last month, the first decline since February 2024, while some rivals still posted strong growth during the traditional 'Golden September' period.
13 Articles
13 Articles
Observador
Correio da ManhãExports of "new energy" vehicles increased by 100%, to 222,000 units. The pressure on profit margins has led Chinese manufacturers to put more and more on the external market.
The export of electric vehicles made in China doubles. Meanwhile Byd evaluates Spain for the new European plant, while in the EU it is alarm for the excess of production capacity
China’s Electric Vehicle Boom: Exports Double Amidst Global Expansion
China's electric vehicle exports doubled in September as automakers expanded globally due to domestic pressures like overcapacity and price wars. This expansion targets regions such as Europe and Southeast Asia. BYD, a leading EV maker, reported significant sales growth in the UK. Meanwhile, domestic sales faced new challenges.
Associated Press News
China's exports of electric vehicles doubled in September as competition at home intensifies
China has reported that its electric vehicle exports doubled in September from a year earlier as its automakers expanded further into overseas markets.
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
