China's passenger car exports rose by 73% year-on-year in May, totaling approximately 809,000 vehicles, according to a report from an industry group released on Wednesday. The increase in exports is attributed to rising gasoline and diesel prices, which have heightened consumer interest in electric vehicles.
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China's Passenger Car Exports Increase by 73% in May
In May, China's passenger car exports saw a significant increase of 73% compared to the previous year, reaching around 809,000 vehicles. This surge is linked to higher fuel prices, which have prompted more consumers to consider electric vehicles.
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China car exports jump 73% in May as high fuel prices raise interest in EVs
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China's Passenger Car Exports Increase by 73% in May