Media365
China’s electric vehicle (EV) exports doubled in 2025 amid rising overseas demand for affordable cars and Beijing’s anti-involution campaign.
The country – the world’s leading EV manufacturer – sold more than 2.6 million units to overseas markets last year, up 104 per cent from a year earlier, according to data from the China Association of Automobile Manufacturers (CAAM) on Wednesday.
“China has gained an advantage through low production costs and advanced battery technologies, making its EVs highly competitive globally,” said Gary Ng Cheuk-yan, a senior economist at Natixis Corporate and Investment Bank.
Consulting firm AlixPartners estimated that the production costs of the world’s top EV maker, Shenzhen-based BYD, were about a third less than those of its rivals in Europe and the United States.
David Zhang, general secretary of the Shanghai-based International Intelligent Vehicle Engineering Association, said that the cost advantages were due to China’s dominant supply chain, adding that carmakers in Europe also relied on Chinese exports of components like batteries.
