As the global acceptance of Chinese cars is rapidly on the rise, the export of these vehicles from China is also increasing massively. According to China Association of Automotive Manufacturers (CAAM) some 308,000 unites were exported to various parts of the world in August 2022, registering a year-on-year increase of 65% and a month-on-month increase of 6.2%.
Related: China has So Far Exported 40% More Cars in 2022
This is also the first time in history that the export of Chinese vehicles have surpassed 300,000 units in a month. Furthermore, from January to August 2022, China has exported a total of 1.817 million vehicles, which is a year-on-year increase of 52.8%.
According to Cui Dongshu, the Secretary General of the China Passenger Car Association (CPCA), the stellar export performance is due to China’s auto industry remaining resilient to continue to manufacture vehicles reliably while experiencing a global pandemic and supply chain challenges.
Related: EVs Accelerate China’s Looming Dominance as a Car Exporter
Dissecting deep into the data, China exported 83,000 new energy vehicles (NEVs) in August, a month-on-month increase of 53.6% and a year-on-year increase of 82.3%. From January to August 2022, China exported a total of 340,000 NEVs, which is a year-on-year increase of 97.4%.
Countries around the world are actively introducing policies to promote the use of NEVs, providing a golden opportunity for Chinese new energy vehicles to go overseas. It is estimated that the overseas sales of Chinese cars are expected to reach 3 million units in 2025 and 5.5 million units in 2030.
Related: Chinese Vehicle Exports Reach Record High in 2021
Moreover, the overseas sales of Chinese electric vehicles in 2030 are expected to reach 2.5 million units, according to CITIC Securities, the largest securities agency in China, with businesses covering investment banking, brokerage, securities trading, and asset management.
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com