China’s Car Exports Jump Nearly 60% in First Quarter on NEV Shipments

China’s automobile exports surged nearly 60% in the first quarter of this year, customs data showed, largely driven by strong growth of electric vehicle shipments.

In the first three months of 2023, China exported 1.07 million vehicles, a 58.3% increase from the same period last year, while the value of the shipments increased 96.6% to 147.5 billion yuan ($21.5 billion), according to data released Thursday by the General Administration of Customs.