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In January, new energy vehicles (NEVs) made up over half of China’s total passenger car exports for the first time on record. Official data reveal that the country shipped 295,000 NEVs and 294,000 traditional fuel-powered passenger cars last month, marking year-over-year increases of 110% and 15%, respectively.
While exports of NEVs have grown rapidly in recent years, they had not previously surpassed fossil fuel-powered cars until now. This milestone demonstrates China’s strengthening global competitiveness in the NEV market and growing international acceptance.
The total export volume of NEVs doubled from the previous year, reaching approximately 302,000 units in January. Of these, around 202,000 were entirely electric vehicles, and about 99,000 were plug-in hybrid electric vehicles, with both categories experiencing nearly 100% growth.
Meanwhile, overall vehicle exports increased by 45%, totaling 681,000 units last month compared to the same period last year. Passenger vehicle exports reached 589,000 units, up 49%, while commercial vehicle shipments rose by 24% to 93,000 units.
Most of China’s top ten vehicle exporters experienced positive growth in January, with only Changan Automobile seeing a decline. Leading exports was Chery Automobile, with 119,000 vehicles shipped abroad. This was followed by BYD with 100,000 units, SAIC Motor with 97,000, Geely with 77,000, and Tesla at 51,000 units, according to the latest data.
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