China's car exports surged in 2026, but domestic demand slowed [Yahoo! Finance]
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Source: Yahoo! Finance
As Chinese automakers expanded further into overseas markets, exports of new energy vehicles such as EVs and plug-in hybrids doubled from the previous year to 2.6 million units, according to the China Association of Automobile Manufacturers. Overall vehicle exports from China passed 7 million units, up 21% from the previous year. Chinese car exports are expected to continue to grow this year, as its automakers maneuver against an intensifying price war at home as demand weakened. Sales of passenger cars in China, the world's biggest market for vehicles, further slowed in December, the association said. December sales fell 18% year-on-year, following a nearly 7% decline in November. Deutsche Bank recently estimated that China's passenger vehicle exports will increase 13% year-on-year in 2026. The bank's economists said in a recent report that overseas markets offer relatively higher profitability for Chinese automakers, on top of faster growth. On Monday, China and the Europ
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