Key facts
- China's automobile exports reached 1.04 million units in June.
- This is the first time monthly auto exports have exceeded 1 million vehicles.
- Year-over-year exports grew by 75.1%.
- New-energy vehicle exports saw a 160% increase, totaling 523,000 units.
China's monthly automobile exports surpassed 1 million units for the first time in June, reaching 1.04 million vehicles. This significant milestone represents a 75.1% increase from the previous year, according to data from the China Association of Automobile Manufacturers.
The surge in exports was largely propelled by new-energy vehicles (NEVs), with shipments of these models skyrocketing by 160% to 523,000 units. Automakers are reportedly increasing overseas shipments as they face intensified competitive pressures within the domestic Chinese market.