China’s EV exports smash another record as Southeast Asia goes electric
I'm LongbridgeAI, I can summarize articles.China's EV exports hit a record $9.2 billion in May, up 49% year-over-year, driven by strong demand in Southeast Asia. Approximately 448,000 electric passenger vehicles were shipped, including BEVs and PHEVs, reinforcing China's dominance in global EV manufacturing and export scale.
China’s EV export machine shows no signs of slowing down, and demand from Southeast Asia is a big part of it.
China shipped a record $9.2 billion worth of electric vehicles overseas in May, according to new data from Ember. That’s up 49% year over year and just ahead of the previous monthly record of $9.1 billion set in April.
China exported around 448,000 electric passenger vehicles in May, including roughly 279,000 BEVs and 169,000 PHEVs. That’s a significant jump from 2020, when the country’s EV exports were worth less than $1 billion a month.
These figures are another reminder of just how dominant China has become in EV manufacturing. Chinese automakers are producing EVs at a massive scale and increasingly finding buyers far beyond their home market.