China’s EV exports surge 145% as Iran war drives up overseas demand
6 Articles
6 Articles
Exports of battery-electric, plug-in hybrid passenger vehicles surge 144.7% year-on-year to 582,000
South China Morning Post
BizTocChina’s EV exports surge 145% as Iran war drives up overseas demand
China’s electric vehicle (EV) exports hit an all-time high for a second straight month in October, as the country’s carmakers rode a surge in overseas demand driven by the Middle East energy shock. Chinese brands sold a total of 582,000 pure electric and plug-in hybrid vehicles outside mainland China last month, a 144.7 per cent jump from a year earlier, according to data from the China Passenger Car Association (CPCA). The figure – which broke …
China's exports of electric and hybrid vehicles reached a record high of 582,000 units in October, a 144.7 percent increase year-on-year, driven by increased demand stemming from the war in the Middle East that has driven up oil prices.
Data published by the Chinese Passenger Automobile Association (CPCA) show that local manufacturers sent 582,000 units abroad, consolidating a growth trend that accumulates an increase of 139.7% in the first 10 months of the year.
China’s brands sold 582,000 fully electric and hybrid plug-in vehicles outside mainland China in October, a monthly peak that coincided with increased international demand associated with the war with Iran and gasoline prices.
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