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MNI BRIEF: China Auto Exports Hit Record High In March

MNI (Singapore)
(MNI)Beijing
DataPolicy NewsAPACChinaEM Policy NewsData BriefEM Policy StoryEM BriefData StoriesBriefStoryRegion
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China passenger vehicles’ export volume set a record in March as the impact of the Red Sea crisis diminishes, the China Passenger Car Association said on Tuesday.

The export of passenger vehicles, including complete vehicles and parts for assembly, reached 406,000 units, jumping 39% y/y and 36%m/m, continuing the robust momentum from the end of 2023, said CPCA. Electric vehicles accounted for 29.3% of the total exports, an increase of 5.4 percentage points compared to the same period last year. (See:MNI INTERVIEW: China EM Trade To Rise, Despite Western De-risking)

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China passenger vehicles’ export volume set a record in March as the impact of the Red Sea crisis diminishes, the China Passenger Car Association said on Tuesday.

The export of passenger vehicles, including complete vehicles and parts for assembly, reached 406,000 units, jumping 39% y/y and 36%m/m, continuing the robust momentum from the end of 2023, said CPCA. Electric vehicles accounted for 29.3% of the total exports, an increase of 5.4 percentage points compared to the same period last year. (See:MNI INTERVIEW: China EM Trade To Rise, Despite Western De-risking)

Keep reading...Show less