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China’s new energy vehicle exports up 88% in October, surpassing Japan to top the world’s list

Data released by the China Association of Automobile Manufacturers shows that in the first half of this year, my country’s complete vehicle exports increased by 76.9% year-on-year. For the first time in the first half of the year, China’s automobile exports surpassed Japan and ranked first in the world. After entering the second half of the year, the export momentum of domestically produced cars, especially new energy vehicles, has continued unabated and the results are gratifying.

According to CCTV, on the morning of November 15, the State Council Information Office held a press conference. Liu Aihua, spokesperson, chief economist and director of the National Economic Comprehensive Statistics Department of the National Bureau of Statistics, introduced at the meeting:

my country’s automobile industry performed outstandingly in October. my country’s automobile production increased by 8.5% year-on-year, and automobile retail sales increased by 11.4%.

Among them, new energy vehicles have played an obvious driving role. In October, the output of new energy vehicles reached 927,000 units, a year-on-year increase of 27.9%. The export volume of new energy vehicles increased by 88.5% year-on-year, with a rapid growth rate.

In addition, automobile-related industries are growing well. The added value of intelligent vehicle-mounted equipment manufacturing above designated size increased by 89.2% year-on-year. The output of automotive lithium-ion power batteries and charging piles increased by 57.3% and 33.5% respectively.

Cui Dongshu, secretary-general of the Passenger Car Association, recently released market analysis data. In October, my country exported 112,000 new energy passenger vehicles, a year-on-year increase of 8% and a month-on-month increase of 23% in September, accounting for 28.6% of passenger vehicle exports. This is in Tesla This is very good when exports are low at the end of the quarter.

From January to October, a total of 850,000 units were exported, a year-on-year increase of 0.9 times. According to the monitoring of retail sales data of independent exports in overseas markets, independent brands such as SAIC performed strongly in Europe.

In addition to the brilliant performance of traditional export car companies, exports by new forces have also gradually started recently, and data from overseas markets have also begun to emerge.

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Stephen Cruise
Stephen Cruisehttps://www.techgoing.com
Stephen Cruise is a senior editor covering latest smartphones, EVs, PC gaming, console, and tech with 11 years of experience.

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