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China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home
Foreign demand for electric vehicles helped offset a 23.4% drop in domestic sales, while passenger car exports climbed 80%, the CPCA said.
- On Wednesday, the China Passenger Car Association reported that domestic passenger vehicle sales fell 23.4% from a year earlier to 1.62 million units in June, marking the ninth consecutive month of decline.
- A prolonged slump in China's property market combined with reduced government subsidies for budget cars priced under $11,776 has dampened consumer spending, while fierce price wars continue to squeeze margins across the sector.
- Car exports jumped 82.1% to 882,000 vehicles last month, while new-energy vehicle shipments surged over 150% to 499,000 units as foreign markets absorb excess production.
- Wei Haigang, president of GAC International, said "going global has become a necessity" because companies failing to venture overseas face immense difficulties surviving China's competitive environment.
- Consultancy AlixPartners forecasts Chinese exports could rise to about 10 million vehicles this year, up from around 7 million in 2025, though industry sentiment is expected to turn a corner after July.
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PECHINO (CHINA) (XINHUA/ITALPRESS) The Chinese sector of new energy vehicles (NEV) has recorded a constant growth in the first half of 2026, with production and sales that have both exceeded the 7 million units in the period, as shown today the latest data of the field.The production of NEV from January to June has reached 7,438 million units, while the sales have been at 7,446 million units, according to the data diffused from the China Associa…
Associated Press News+17 Reposted by 17 other sources
China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home
China has reported its exports of passenger cars surged 80% in June from a year earlier, while domestic sales sank 26%, according to an industry group.
·New York, United States
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Coverage Details
Total News Sources35
Leaning Left12Leaning Right8Center9Last UpdatedBias Distribution41% Left
Bias Distribution
- 41% of the sources lean Left
41% Left
L 41%
C 31%
R 28%
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