Chinese EV Exports Doubled YoY in September, Data Shows
Chinese automakers shipped 222,000 electric and plug-in hybrid vehicles internationally through September, marking a 100% surge compared to the prior year. The China Association of Automobile Manufacturers reported the figures alongside domestic passenger car sales that climbed 11.2% over the same period. These numbers reveal resilient demand despite intense competitive pressures that are fragmenting the world's largest automotive market. The export acceleration shows how manufacturers are increasingly depending on foreign sales to compensate for deteriorating margins at home. Domestic price wars have created substantial pressure for Chinese automakers and pushed them to aggressively pursue growth opportunities overseas. Recent investment allocation…
