China's Electric Vehicle Exports Double in September
China's exports of electric vehicles doubled in September from a year earlier, with 222,000 units exported, according to the China Association of Automobile Manufacturers.
These "new energy vehicles" include battery electric vehicles and plug-in hybrids, showing a 100% increase from the previous year, although 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.
Chinese EV makers are looking abroad to markets such as Europe and Southeast Asia due to overcapacity and price wars at home, which have pressured their profit margins.
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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