By South China Morning Post | Created at 2024-12-25 04:31:38 | Updated at 2024-12-25 16:07:13
11 hours ago
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.
1. Chinese electric vehicle exports plummet in November as EU tariffs bite
The value of China’s electric vehicle exports plunged last month to their lowest level since July 2022, driven by tariff challenges in Europe, large declines in shipments to emerging markets and intensified price cuts.
2. China will retain car-export crown in 2025, but growth may slow on EU EV tariffs
China’s car exports are likely to hit a speed bump in 2025 as leading EV players absorb additional tariffs from the European Union, the biggest overseas market where mainland-made cars enjoy a healthy profit margin.
3. China’s car parts, software industry to hit US$356 billion by 2030
China’s automotive industry will need components and software worth 2.6 trillion yuan (US$356.2 billion) a year by 2030 amid mainland buyers’ surging interest in smart cars with autonomous driving systems and digital cockpits even as a brutal price war envelops the industry.
