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China’s EV exports surge 145% as Iran war drives up overseas demand

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SCMP - Feed 91
By Daniel Ren
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China’s EV exports surge 145% as Iran war drives up overseas demand
Photo / Coverage: SCMP - Feed 91Credit: Daniel Ren
EXECUTIVE SUMMARY

China’s electric vehicle (EV) exports hit an all-time high for a second straight month in October, as the country’s carmakers rode a surge in overseas demand driven by the Middle East energy shock. Chinese brands sold a total of 582,000 pure electric and plug-in hybrid vehicles outside mainland China last month, a 144.7 per cent jump from a year earlier, according to data from the China Passenger Car Association (CPCA). The figure – which broke the previous monthly record of 558,000 set in...

Key Takeaways

  • China’s EV exports surge 145% as Iran war drives up overseas demand.
  • China’s electric vehicle (EV) exports hit an all-time high for a second straight month in October, as the country’s carmakers rode a surge in overseas demand driven by the Middle East energy shock.
  • The figure – which broke the previous monthly record of 558,000 set in...

China’s electric vehicle (EV) exports hit an all-time high for a second straight month in October, as the country’s carmakers rode a surge in overseas demand driven by the Middle East energy shock. Chinese brands sold a total of 582,000 pure electric and plug-in hybrid vehicles outside mainland China last month, a 144.7 per cent jump from a year earlier, according to data from the China Passenger Car Association (CPCA). The figure – which broke the previous monthly record of 558,000 set in...

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