BUSINESSWTOP DC
China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home
China's passenger car exports rose 80% in June 2023, driven by strong electric vehicle demand, while domestic sales fell 26% in the first half of the year. Export growth was attributed to overseas expansion by automakers like BYD, despite domestic market challenges including price wars and reduced EV subsidies.
Mentioned
Related Signal
Adjacent reporting
- China’s passenger car exports surge nearly 85% in April as domestic sales slump
- China car exports jump 73% in May as high fuel prices raise interest in EVs
- Chinese carmakers BYD, Chery chart 80% growth overseas as EV demand spikes
- Chinese carmakers BYD, Chery chart 80% growth overseas as EV demand spikes
- China’s EV exports surge 40 percent in April
- China’s exports jump 19.4% in May from a year earlier, boosted by demand for autos and tech goods