China’s Complete Automobile Exports Surge by 120% YoY from January to May

The China Association of Automobile Manufacturers disclosed on the 4th that from January to May 2023, China exported 1.933 million complete automobiles, a year-on-year increase of 79.8%; the export value of complete vehicles increased by 1.2 times year-on-year.

According to the China Association of Automobile Manufacturers, in May 2023, the export volume of China’s complete automobiles will increase slightly month-on-month and maintain rapid growth year-on-year.

In May 2023, China exported 438,000 complete automobiles, an increase of 3.2% month-on-month and 92.8% year-on-year; the export value of complete vehicles increased by 8.8% month-on-month and 1.2 times year-on-year.

In May 2023, among the main export models of China’s automobiles, the export volume of pure electric vehicles (except passenger cars with 10 seats and above), sedans, passenger cars, and trucks ranked the top four. Compared with the previous month, pure electric vehicles ( The export volume of passenger cars with 10 seats and above) and trucks increased rapidly, and the export volume of cars and passenger cars both declined slightly; compared with the same period of the previous year, the export volumes of the above four categories all showed varying degrees of growth. The above four categories account for 90.2% of China’s total automobile exports.

From January to May 2023, among the main export models of China’s automobiles, compared with the same period of the previous year, the export volume of the four main categories of pure electric vehicles, passenger cars, cars and trucks maintained varying degrees of growth, of which the growth rate of pure electric vehicles more significant. The four categories mentioned above account for 91.2% of China’s total automobile exports.