China’s auto exports jump 1.2 times in Jan-July

China’s auto exports rose 1.2 times year-on-year in the first seven months of 2021, exceeding the volume in 2020, driven by record high exports of new-energy vehicles (NEVs), according to data released by the China Association of Automobile Manufacturers (CAAM) on Tuesday.

Chinese auto companies exported 1 million vehicles from January to July, the data showed. In July, auto exports grew 1.8 times year-on-year to 174,000 units, and growth in NEV exports contributed 31.5 percent.

Chinese officials attributed the overall expansion to an uptick in NEV exports, according to a statement on the website of the Ministry of Commerce (MOFCOM). In the first seven months of 2021, NEV exports rose 102.5 percent year-on-year, a new record of growth, which improved overall export growth by 0.6 percentage points, an official was quoted as saying.

Zhu Xiaoliang, a MOFCOM official, said that the ministry, together with other relevant authorities, will further promote vehicle consumption across the industry chain and build a multidimensional, highly efficient and green development structure for the sector.

In the first seven months, China’s auto production totaled 14.4 million, up 17 percent year-on-year. In July, production reached 1.86 million, including 289,000 NEVs, up 162.7 percent year-on-year, according to the data released by the CAAM.