China's Electric Vehicle Exports Double in September
China's exports of electric vehicles doubled in September compared to the same period last year, as automakers expand into overseas markets.
The China Association of Automobile Manufacturers reported that exports of "new energy vehicles" jumped 100% to 222,000 units in September.
- Exports of new energy vehicles, including battery electric vehicles and plug-in hybrids, increased by 100% year-on-year.
- September exports totaled 222,000 units, slightly lower than the 224,000 units exported in August.
Inside China, overall passenger car sales rose 11.2% year-on-year in September, following a 15.1% rise in August.
China's EV makers have been increasingly looking abroad to markets such as Europe and Southeast Asia as overcapacity and price wars back home have pressured their profit margins.
Author's summary: China's electric vehicle exports doubled in September.