Vehicle Exports

China's EV Export Grows Rapidly to Meet the Global Demand for Clean Vehicles

As China’s domestic new energy vehicle (NEV) market shifts from being subsidy-driven to market-driven, the overall competitiveness of Chinese NEVs has significantly increased. Since 2021, China’s NEV exports have experienced explosive growth, followed by a period of sustained high growth. 

• In 2025, passenger car export growth has dropped sharply, with gasoline cars showing weak growth and continued declines in August. Hybrid exports have been strong, especially PHEVs, while truck and bus exports have stayed stable. 

• Earlier this year, China’s exports were strong in Central/South America, Southeast Asia, and South Asia. Now, growth is shifting more toward Central/South America and Europe. Recently, the Middle East and Central/South America have performed better than last year, while the former Soviet Union region fell from a 25% share last year to 17% in August. 

From January to August 2025, exports of PHEVs reached 590,000 units, a year-on-year increase of 198%, accounting for 12% of total vehicle exports, which is 7 percentage points higher than the share of new energy vehicle exports during the same period in 2024. 

NEV exports are primarily exported toward Europe, Southeast Asia, and other emerging EV markets. 

Source: ITS-Davis: Global South 

To explore the specific destinations of China's NEV exports, please click here