China Auto Thread

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 is setting the auto industry's 'future standards': Nissan CEO on EVs & the US market



Nissan (NSANY) CEO, Ivan Espinosa, chats with Yahoo Finance Senior Autos Reporter Pras Subramanian and Asking for a Trend host Josh Lipton about how China is driving trends in the autos industry, and how the market differs in the US.

 

China car exports jump 73% in May as high fuel prices raise interest in EVs

By Chan Ho-Him
July 05, 2026 at 10:10 am CDT

An aerial view of new cars awaiting export to oversea markets is seen at a port in Shanghai.

An aerial view of new cars awaiting export to oversea markets is seen at a port in Shanghai. (AP photo/Chinatopix/AP Photo/undefined)


HONG KONG (AP) — China’s passenger car exports jumped 73% year-on-year in May to around 809,000 vehicles, an industry group reported June 10, as higher gasoline and diesel prices due to the war in Iran raised interest in electric vehicles.

That’s up from about 796,000 passenger cars exported in April, data from the China Association of Automobile Manufacturers showed.

 

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