Trump’s gift to China: a booming market for cheap, state-of-the-art EVs amid the Iran War |
Trump’s gift to China: a booming market for cheap, state-of-the-art EVs amid the Iran War
China’s exports of passenger cars accelerated in March, an industry association said Friday, as Chinese automakers stepped up their push to grow overseas markets.
Passenger car exports jumped 82.4% year-on-year last month to around 748,000 vehicles, according to the China Association of Automobile Manufacturers, up from the 586,000 vehicles exported in February.
Exports of new energy passenger vehicles — including battery electric vehicles and plug-in hybrids — surged more than 140% in March from a year ago to 363,000 units. That’s also up 31% from the about 276,000 units of such vehicles exported in February.
The biggest Chinese automakers, including BYD and Geely Auto, have been increasing their efforts in boosting sales abroad,........