HONG KONG (AP) — China has reported that its electric vehicle exports doubled in September from a year earlier as its automakers expanded further into overseas markets. The China Association of Automobile Manufacturers said Tuesday that exports of “new energy vehicles,” which include battery electric vehicles and plug-in hybrids, jumped 100% last month to 222,000 units. That was slightly lower than the 224,000 units exported in August. Inside China, overall passenger car sales rose 11.2% year-on-year in September, following a 15.1% rise in August. China’s EV makers have been increasingly looking abroad to markets such as Europe and Southeast Asia as overcapacity and price wars back home have pressured their profit margins.
By Chan Ho-Him, Associated Press
Banner image: An electric vehicle is plugged into a charger Aug. 25, 2022. (AP Photo/Jae C. Hong, File)
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