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Thematic (Sector/Industry)

China Automobiles / Thematic (Sector/Industry)

<ul><li>Chinese auto exports again shot up in the first six months of this year, largely fueled by rising demand for new-energy vehicles (NEVs) and surging deliveries to a sanction-hit Russia, as local carmakers sought to invigorate sales with a push overseas.</li><li>First-half shipments leapt 75.7% from the same period last year to 2.14 million vehicles, according to a report Tuesday by the China Association of Automobile Manufacturers (CAAM).</li><li>Overseas shipments of NEVs — a category that consists mainly of pure electric and hybrid models — more than doubled to 534,000 vehicles, accounting for nearly a quarter of the total exports, the CAAM report showed.</li></ul>

Chinese auto exports again shot up in the first six months of this year, largely fueled by rising demand for new-energy vehicles (NEVs) and surging deliveries to a sanction-hit Russia, as local carmakers sought to invigorate sales with a push overseas.First-half shipments leapt 75.7% from the same period last year to 2.14 million vehicles, according to a report Tuesday by the China Association of Automobile Manufacturers (CAAM).Overseas shipments of NEVs — a category that consists mainly of pure electric and hybrid models — more than doubled to 534,000 vehicles, accounting for nearly a quarter of the total exports, the CAAM report showed.

Chinese Automakers Ride Overseas Demand as Global Expansion Pays Off