China car exports jump 73% in May as high fuel prices raise interest in EVs
Pure EV and plug-in hybrid exports more than doubled to about 435,000 units as Chinese automakers expanded overseas, CAAM said.
- On Wednesday, the China Association of Automobile Manufacturers reported that China's passenger car exports jumped 73% year-on-year in May to around 809,000 vehicles.
- Higher gasoline and diesel prices due to the war in Iran raised consumer interest in electric vehicles, with EV and plug-in hybrid exports more than doubling to about 435,000 units.
- BYD, which overtook Tesla last year as the world's biggest EV maker, sold over 160,000 vehicles abroad in May, up 80% from the prior year.
- While overseas shipments grew, domestic passenger car sales fell for the seventh consecutive month in May as automakers face intense price wars eroding profitability.
- UBS analysts expect China's annual passenger car exports to rise about 40% in 2026, while the International Energy Agency projects global EV sales could reach 23 million that year.
21 Articles
21 Articles
Chinese car exports rose spectacularly in May, reflecting rising prices for petrol and diesel, with most of these exports representing electric vehicles.
In China, people buy fewer cars. Therefore, more and more other distribution channels support the Chinese vehicle industry. Associations mention several reasons for this.
In China, people buy fewer cars. Therefore, more and more other distribution channels support the Chinese vehicle industry. Associations mention several reasons for this.
Associated Press News
China car exports jump 73% in May as high fuel prices raise interest in EVs
China has reported its passenger car exports jumped 73% in May to around 809,000 vehicles. The China Association of Automobile Manufacturers said Wednesday that exports of pure electric vehicles and plug-in hybrids more than doubled in May from a year earlier to about 435,000 units.
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