China's Electric Vehicle Exports Double in September
China's exports of electric vehicles doubled in September from a year earlier, with its automakers expanding into overseas markets.
The China Association of Automobile Manufacturers reported that exports of "new energy vehicles" jumped 100% last month to 222,000 units, slightly lower than the 224,000 units exported in August.
- Overall passenger car sales in China rose 11.2% year-on-year in September.
- China's EV makers are looking abroad to markets such as Europe and Southeast Asia due to overcapacity and price wars at home.
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.
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