China’s Auto Exports See Rapid Growth

Statistics released by China’s General Administration of Customs showed that 1.32 million vehicles were exported during the period from January to

August this year, up 117.5 percent year-on-year, and exceeding last year’s total. Among them, a total of 173,000 new energy vehicles (NEVS) were exported, up 4.5 times year-on-year, contributing about 20 percent to the growth in auto exports.

According to Shu Yuting, spokesperson for the Ministry of Commerce, China’s rapid growth in auto exports can be attributed to three factors: the global rebound in the auto market, the significant impact of NEV exports, and the increasing international competitiveness and international influence of China’s auto companies.

On the one hand, domestic enterprises have accelerated the pace of developing their overseas market entry strategies with the launching of more NEVS; on the other hand, Tesla and some other foreign companies have increased investment in China to build export bases for NEVS.

Statistics show that during the January-august period, the SAIC-MG brand sold nearly 19,000 NEVS in Europe, up 133 percent year-on-year, while the ismart system was well received by consumers in Thailand, India, Indonesia, and other countries.