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China's Auto Exports Surge 63% to 4.06 Million Units in Jan-May, NEV Share Expands to 45%
2026-07-03 08:15 (GMT+8)China's automobile exports reached 4.059 million units in the first five months of 2026, surging 63% year-on-year, with new energy vehicles (NEVs) accounting for approximately 45% of the total, according to data from the China Association of Automobile Manufacturers (CAAM).
Chery led among manufacturers, followed by BYD. Meanwhile, China's domestic market remains sluggish, with industry profit margins falling to around 3%.
Overseas markets offer selling prices 40-60% higher than domestic levels and superior profitability, making them increasingly attractive. BYD will launch the "RACCO" kei EV in Japan in July, while Chery plans to enter the Japanese market next year under the "EMTA" brand.
The export offensive by Chinese automakers and their full-scale entry into Japan are poised to dramatically reshape the competitive landscape of the global auto industry.
China's Auto Exports Surge 63% to 4.06 Million Units in Jan-May, NEV Share Expands to 45% — BigGo Finance
China's automobile exports reached 4.059 million units in the first five months of 2026, surging 63% year-on-year, with new energy vehicles (NEVs)…
