According to the China Association of Automobile Manufacturers (CAAM), China’s vehicle export volume from January to November 2022 reached 2.785 million units, a year-over-year increase of 55.3%.
The CEO of Chery Automobile, Yin Tongyue, predicted that China’s vehicle export volume will exceed three million units in 2022. The top destinations for China’s vehicle exports were the United States, Mexico, Russia, the United Kingdom, Belgium, Japan, Germany, South Korea, Australia, and the United Arab Emirates.
The top ten Chinese manufacturers in terms of vehicle export volume were SAIC, Chery, Tesla China, Changan, Dongfeng, Geely, Great Wall, BAIC, JAC, and Sinotruk. SAIC exported 784,000 vehicles, approximately double that of Chery. These ten companies exported a total of 2.514 million vehicles, accounting for more than 90% of China’s car exports.
During the first 11 months of 2022, China exported 593,000 new energy vehicles (NEVs), with 43.3% of those exports coming from Tesla China. In November 2022 alone, the equivalent of 3.2 billion USD worth of NEVs were exported, representing a 165% increase from the previous year.
The largest importers of these NEVs were European countries such as Belgium and the United Kingdom, which accounted for nearly 70% of imports. According to China Central Television, one in every ten NEVs in Europe is from China.
