China’s new energy vehicle (NEV) exports continued their robust growth in January 2024, with 95,000 NEV passenger cars shipped overseas, marking a 27.1% increase compared to the same period last year, according to data released by the China Passenger Car Association on Thursday.
The exported NEVs represented 26.8% of the nation’s total passenger vehicle exports for the month, highlighting the significant role of NEVs in China’s automotive export sector.
“The scale advantage of China’s new energy industry, combined with growing global market demand, is propelling more Chinese-made NEV brands onto the international stage,” the association stated. “Their recognition in international markets continues to grow.”
Chinese carmakers are not only gaining recognition but are also enhancing their service networks overseas. “Improved service infrastructure abroad supports the sustained growth of Chinese NEV exports,” the association added.
Retail sales data revealed that smaller-sized A0-class pure electric vehicles, known for their affordability, accounted for nearly 60% of China’s exported NEV sales in overseas markets last month. This trend reflects a growing global appetite for economical and environmentally friendly transportation options.
Among the leading exporters, Shanghai-based SAIC Motor Corporation reported strong performance in European markets, while BYD Company Limited emerged as a competitive player in the Southeast Asian market in January.
The continuous expansion of Chinese NEV exports underscores China’s influential role in the global shift towards sustainable transportation. As demand for clean energy vehicles rises worldwide, China’s NEV industry is poised to further strengthen its global market presence.
Reference(s):
cgtn.com
