BYD, Chery And More: Chinese EV Exports Rose 87% In November As Companies Ramp Up Global Expansion
Chinese EV exports surged 87% in November, totaling 199,836 vehicles, driven by significant growth in markets like Mexico (2,367% YoY) and Europe (63% YoY). Major players like BYD and Chery are leading this expansion, with BYD achieving triple-digit growth in overseas sales. Xpeng is also expanding into Europe and Asia, while Stellantis-backed Leapmotor raised over $530 million for future growth. New regulations on EV power consumption will take effect next year in China.
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