China’s electric vehicle industry reached a major milestone in November, with worldwide exports surging 87% year-over-year to a total of 199,836 units, according to data from China Customs.
China’s EV exports have increased, especially to Mexico and Asia, reflecting a strong demand for electric vehicles globally.
In November, China’s electric vehicle (EV) exports to Mexico increased by 2,367% year-over-year, reaching 19,344 units. Asia imported the most EVs at 110,061, a rise of 71% year-over-year, followed by Europe with 42,927 (up 63%) and Latin America and the Caribbean at 35,182 (up 283%).
Additionally, China’s exports to the European Union increased by 39% year-over-year, totaling 25,792 EVs.
China’s General Administration of Customs (China’s General Administration of Customs)
Related auto players in China: Nio (NIO), XPeng Inc (XPEV), Li Auto (LI), BYD (BYDDY) and Tesla (TSLA), Great Wall Motor (GWLLF), (GWLLY), Geely Automobile (GELYF), Toyota (TM), Volkswagen (VLKAF), Guangzhou Automobile Group (GNZUF), Wuling Motors (WLMTF), Nissan (NSANY), BAIC (BCCMY), Zotye, state-owned SAIC Motor, Beiqi Foton, Chery and Dongfeng Motor (DNFGY).