November saw a month-on-month increase of over twofold in China‘s electric vehicle exports, exceeding the previous record, as per Automotive News Europe.
Notably, European automakers who outsourced their EV production in the country primarily influenced this substantial growth last month.
Chinese automakers’ export in November
China’s customs department data indicated that local automakers shipped $3.2 billion worth of EVs in November. Remarkably, that amount represents a 165% YoY growth, hitting the highest-ever monthly total.
The report also states that electric passenger car exports made up more than half of all automotive shipments for two consecutive months. Moreover, exports reached a record high of $6 billion in November.
Notably, European nations, including Belgium and England, accounted for about 70% of the shipments in China.
Major contributors to China’s auto export industry
The figures above were reportedly released when European automakers, such as Volkswagen Group and BMW Group, aspired to produce components and cars in China. This move is influenced by the need for more manufacturing capacity in their home markets.
Moreover, MG Motor‘s Chinese parent company SAIC Motor has significantly expanded in the European market in 2022 through imports.
Meanwhile, Tesla exported over 37,000 EVs from China in November. This number is significantly higher than its export of 60 units in March and 0 in April due to COVID-related lockdowns.
China is undoubtedly the world’s largest auto industry. Therefore, there is no wonder why European automakers started to penetrate and advance in the country.
