06 May 2024

SCALING-UP

 CHINA BUSINESS

China’s car exports set to soar as EV makers shrug off US, European trade curbs

China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in manufacturing electric cars goes from strength-to-strength.

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China is expected to ship 6 million vehicles abroad in 2024, 22 per cent higher than last year’s 4.91 million units. Photo: AFP
China is expected to ship 6 million vehicles abroad in 2024, 22 per cent higher than last year’s 4.91 million units. Photo: AFP
Daniel Renin Shanghai
  • Curbs on exports of Chinese-made cars in the US and EU will not deter assemblers from BYD to Chery from pursuing their global ambitions, analysts say
  • Chinese EVs have the potential to unseat conventional carmakers in fast-growing markets like Thailand, says general manager of Jetour’s international business
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