Hendarto
Registered Member
The EV export boom is hampered by a lack of sea transport. Right now Chinese automakers are racing to build large numbers of this monster. Inevitably bolstering China's cross-straits invasion armada
finance.yahoo.com
Matt Oliver
Mon, March 4, 2024 at 1:37 PM CST·3 min read
At least 80 of the specialist vessels were ordered in 2023, worth a combined $8.1bn (£6.4bn) - Focke Strangmann/AFP
A record number of car carrier ships were ordered last year as Chinese carmakers accelerated deliveries of electric vehicles to the West.
At least 80 of the specialist vessels were ordered in 2023, according to shipbroking giant Clarkson, worth a combined $8.1bn (£6.4bn).
The purchases were driven by demand for shipping capacity from China, which overtook Japan to become the world’s biggest exporter of cars last year.
In particular, Chinese EV manufacturers including BYD, Volvo-parent Geely and SAIC Motor, the owner of MG, have been seeking increased capacity to send more cars to Europe, even buying their own car carrier fleets in the process.
Aggressive expansion into Europe has been triggered by price wars among Chinese EV makers, as they look to sell cars abroad in search of larger profits.
According to Clarksons, there are now 769 car carriers in operation worldwide, with the largest able to carry nearly 8,000 vehicles.
Some 200 more are being built. But they typically take around four years to construct, leaving the likes of BYD, SAIC and Geely scrambling for capacity in the meantime.
BYD has ordered eight car carriers, with the first – known as the BYD Explorer – having recently entered service.
The vessel sailed from Shenzhen and arrived at a port in the Netherlands late last month loaded with 5,000 cars, destined for forecourts across Europe.
Another vessel owned by rival SAIC, called the SAIC Anji Sincerity, is the largest of its kind with a capacity of 7,600 cars.
China’s EV race drives surge in car-carrying ships
A record number of car carrier ships were ordered last year as Chinese carmakers accelerated deliveries of electric vehicles to the West.
China’s EV race drives surge in car-carrying ships
Matt Oliver
Mon, March 4, 2024 at 1:37 PM CST·3 min read
At least 80 of the specialist vessels were ordered in 2023, worth a combined $8.1bn (£6.4bn) - Focke Strangmann/AFP
A record number of car carrier ships were ordered last year as Chinese carmakers accelerated deliveries of electric vehicles to the West.
At least 80 of the specialist vessels were ordered in 2023, according to shipbroking giant Clarkson, worth a combined $8.1bn (£6.4bn).
The purchases were driven by demand for shipping capacity from China, which overtook Japan to become the world’s biggest exporter of cars last year.
In particular, Chinese EV manufacturers including BYD, Volvo-parent Geely and SAIC Motor, the owner of MG, have been seeking increased capacity to send more cars to Europe, even buying their own car carrier fleets in the process.
Aggressive expansion into Europe has been triggered by price wars among Chinese EV makers, as they look to sell cars abroad in search of larger profits.
According to Clarksons, there are now 769 car carriers in operation worldwide, with the largest able to carry nearly 8,000 vehicles.
Some 200 more are being built. But they typically take around four years to construct, leaving the likes of BYD, SAIC and Geely scrambling for capacity in the meantime.
BYD has ordered eight car carriers, with the first – known as the BYD Explorer – having recently entered service.
The vessel sailed from Shenzhen and arrived at a port in the Netherlands late last month loaded with 5,000 cars, destined for forecourts across Europe.
Another vessel owned by rival SAIC, called the SAIC Anji Sincerity, is the largest of its kind with a capacity of 7,600 cars.
But during the Great Leap Forward and the Cultural Revolution, it was a different story.
