(AsianFin)—China's car exports have continued the robust growth from the end of last year. In the January-February period of 2024, the total automobile export volume jumped 22% year-on-year to 831,000 units and the car export value climbed 13% year-on-year to $15.7 billion, data released by the China Passenger Car Association ("CPCA") showed.
According to the CPCA’s data, in February alone, China exported around 298,000 passenger vehicles (including complete vehicles and CKDs), marking an 18% year-on-year jump and a 17% month-on-month decline. NEVs accounted for 26.4% of the total PV exports in February, reflecting a 4.6-percentage-point decrease compared to the same period last year.