Tesla Lifts China’s New Energy Vehicle Exports to a Record

Exports of new energy vehicles (NEV) from China more than doubled in 2022 to a record, largely buoyed by Tesla Inc., which is turning its Shanghai plant into its primary export hub, and homegrown carmakers who are pushing deeper into the European market.

China exported 679,000 NEVs in 2022, up 120% from a year earlier, according to a report released on Thursday by the China Association of Automobile Manufacturers (CAAM). NEVs include purely electric vehicles (EV), plug-in hybrids and hydrogen fuel-cell vehicles.