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Chinese Automotive Export Continues Growth in Q1 2022
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2022-05-30
Statistics from China Association of Automobile Manufacturers show Chinese automotive companies exported 582 thousand vehicles (up 58.3%) in Q1 this year. Among them are passenger cars at 452 thousand vehicles (up 61.9%) and commercial cars at 130 thousand vehicles (47.2%). The Chinese automotive export broke the monthly record this January, reaching 231 thousand vehicles and up 87.7%, 540 thousand vehicles of new energy passenger car, up 538.7%. The export reached 180 thousand vehicles this February, up 60.8%. Overall, the Chinese automotive export surged 75% over the first two months of 2022.
Customs statistics show China exported 676 thousand finished vehicles in Q1 2022, up 57.8%. The export value was USD 11.75, up 87.9%. The top exported category was passenger car, followed by EV, sedan and pickup truck. Compared to the same period last year, the aforementioned 4 categories continue to grow fast, including EV with a stark growth speed.
However, there is a reduction in the production of automotive and component companies as a result of the pandemic. Additionally, there is limited logistics and the export shrank in April compared to March. The customs statistics show China exported 171 thousand vehicles this April, up 10.32%. Despite the pandemic, the statistics reveal that SAIC's export and overseas sales were over 171.9 thousand vehicles, up 44.9%.
Customs statistics show China exported 676 thousand finished vehicles in Q1 2022, up 57.8%. The export value was USD 11.75, up 87.9%. The top exported category was passenger car, followed by EV, sedan and pickup truck. Compared to the same period last year, the aforementioned 4 categories continue to grow fast, including EV with a stark growth speed.
However, there is a reduction in the production of automotive and component companies as a result of the pandemic. Additionally, there is limited logistics and the export shrank in April compared to March. The customs statistics show China exported 171 thousand vehicles this April, up 10.32%. Despite the pandemic, the statistics reveal that SAIC's export and overseas sales were over 171.9 thousand vehicles, up 44.9%.
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2022-05-31
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