Business · Trade · 51 mins ago

China’s EV exports hit a record as overseas demand rises

China’s EV exports hit a record as overseas demand rises

Chinese brands sold 582,000 electric and plug-in hybrid vehicles outside mainland China in October, a 144.7% increase from a year earlier.

The total includes vehicles exported from China and those made at Chinese brands’ overseas plants.

October’s sales set a new monthly record, surpassing the previous high of 558,000 in September.

The figures come from the China Passenger Car Association.

The article links stronger overseas demand to the Middle East energy shock caused by the Iran war.

The record shows how that demand has coincided with rapid growth in Chinese carmakers’ sales abroad.

The figures cover October; no further developments are given.

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