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Reuters: China floods the world with gasoline cars it can't sell at home
Chinese automakers exported over 6.5 million gasoline cars globally this year, driven by domestic electric vehicle policies that reduced local petrol car sales.
- This year, Chinese automakers exported more than 6.5 million vehicles, with fossil-fuel cars making up 76% of exports since 2020, Automobility data show.
- Industry data show Beijing's EV push encouraged new plant construction, leaving assembly lines capable of producing up to 20 million petrol cars idle, according to Automobility CEO Bill Russo.
- Among the exporters, state-owned automakers SAIC and Dongfeng exported over a million and nearly 250,000 vehicles last year, respectively.
- In response, importing countries raised trade barriers: Mexico's government hiked tariffs to 50%, Russia doubled fees to $7,500 after Chinese imports surged to 64%, and South Africa saw nearly 16% market share.
- Consultancies forecast Chinese automakers collectively will grow annual sales outside China by four-million vehicles by 2030, controlling 30% of the global market in five years, with BYD this year becoming China's second-biggest exporter.
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29 Articles
29 Articles
China is pouring out the surplus of its remaining internal combustion engine cars onto the world.
·Budapest, Hungary
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China floods the world with gasoline cars it can't sell at home
While Western nations focus on the competitive threat of Chinese EVs, a different challenge is reshaping the auto industry. Beijing's legacy automakers are saturating emerging and second-tier markets with fossil-fuel vehicles — often undercutting their foreign partners.
·United Kingdom
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Coverage Details
Total News Sources29
Leaning Left1Leaning Right4Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
C 55%
R 36%
Factuality
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