On November 9, the China Passenger Car Association (CPCA) released data showing October new-energy passenger-car exports reached 582,000 units, up 144.7% year on year and 3.9% month on month, accounting for 62.8% of total passenger-car exports, a 20-percentage-point gain over a year earlier. BYD, Chery and Geely led with about 165,000, 84,000 and 80,000 units respectively, together above half of the monthly total.
Cumulative data confirms the trend: in the first ten months, NEV passenger-car exports hit 4.472 million units, up 139.7%. CPCA's customs figures show China's auto exports reached 8.63 million units in the first three quarters, up 52%. Economy-class pure-electric cars remain the export backbone, with A00- and A0-class models making up 56.4% of BEV exports in October, up 14.3 points. BYD, Chery, Geely and others keep extending their lead.
Cui Dongshu of the CPCA noted that global electrification, high oil prices and stronger product competitiveness drive the surge, with emerging markets in the Global South a key engine. China's full supply chain and fast iteration give carmakers room to keep expanding overseas.
Source: China Securities Journal / CPCA
