China’s EV Exports Fall for 1st Time Amid Trade War With West

Published on June 16, 2024

China’s electric vehicle (EV) exports have recorded their first decline amid intensifying trade tensions with the West that have resulted in increasing tariffs, according to new data released by China’s authorities. On June 14, the China Association of Automobile Manufacturers released its latest report on monthly production and sales for the automobile industry in May. The data show that, for the first time, China’s monthly electric and hybrid vehicle exports were down 9 percent year-on-year, with only 99,000 vehicles exported in May. The downward trend was mostly due to a significant drop in electric vehicle sales. According to the May data, 77,000 EVs were exported, down 22.3 percent from the same period last year and down 13.8 percent from April....

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