China's new energy vehicle exports showed a serious upward trend last month, reaching 95 thousand units. The China Passenger Vehicle Manufacturers Association announced that this figure corresponds to a 27,1 percent increase on a yearly basis. Data showed that exported new energy vehicles had a share of 26,8 percent in China's total vehicle exports in January.
The association announced that China's new energy vehicle industry, combined with the rising demand of the market, the country's production in this field will continue to grow further with its new brands in foreign markets. Same zamCurrently, the increasing awareness of Chinese brands and the development of the overseas service network are among the factors supporting the export of new energy cars.
A detailed look at retail sales data shows that cheap, small-sized fully electric vehicles accounted for about 60 percent of China's sales to foreign markets last month. The Association also shared the information that Shanghai-based SAIC performed better in Europe, and BYD strengthened its presence as a highly competitive player in Southeast Asian countries in January.