Chinese customs data reviewed by the Berlin-based Mercator Institute for China Studies (Merics) this week showed China’s total monthly automobile exports surpassed one million for the the first time in June.
According to Merics analysts, China’s trade surplus grew more than expected overall and vehicle exports were exceptionally strong, driven by low-cost electric vehicles (EVs) and hybrids produced by top Chinese brands like BYD. Much of this export surge was directed to European customers.
The UK Guardian noted on Tuesday that the European Union (EU) imposed protective tariffs on Chinese EVs in 2024, but not hybrids, which opened the door…
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