WORLD · BUSINESS · NOV 10, 3:00 AM ET
China’s EV exports surge 145% as Iran war drives up overseas demand
Reported by 11 outlets in the past day, including South China Morning Post, NBC News, investingLive.
1What happened
China’s electric vehicle (EV) exports hit an all-time high for a second straight month in October, as the country’s carmakers rode a surge in overseas demand driven by the Middle East energy shock. South China Morning Post ↗
2Compared to what
Trade balance, share of the economy: -3.7%. Lower than in 88% of quarters since 1947.
BEA; net exports ÷ GDP · More in perspective
3Also reported
Chinese brands sold a total of 582,000 pure electric and plug-in hybrid vehicles outside mainland China last month, a 144.7 per cent jump from a year earlier, according to data from the China Passenger Car Association (CPCA). South China Morning Post ↗