
Chinese Car Exports Drive Global EV Surge
China’s car exports hit 2.49M by May, with NEVs soaring 64.6%. Industry insiders at Shanghai’s NEV forum eye continued surge and push for localization.
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China’s car exports hit 2.49M by May, with NEVs soaring 64.6%. Industry insiders at Shanghai’s NEV forum eye continued surge and push for localization.
In July, new energy vehicles on the Chinese mainland reached a 51.1% penetration rate, surpassing traditional fuel cars for the first time, according to the China Passenger Car Association.
Chinese electric vehicles are rapidly gaining popularity in Egypt, with sales surging and quality praised by local drivers and dealers.
Global battery demand is set to soar to 4400GWh by 2030, driving a booming recycling industry focused on sustainability and valuable metal recovery.
China accelerates its shift to green industries with electric vehicles set to capture 45% of the market by 2027, creating opportunities for global companies like Volvo and Allianz.