Chinese EV exports are not a response to lack of demand in China. Chinese EV exports have been surging since at least 2022 when companies like BYD were already ramping up orders of car carrier ships.
You have to export to global markets if you want to be the next Tesla or Toyota
You have to export to global markets if you want to be the next Tesla or Toyota
Here’s the story of BYD ordering 6 car carrier ships with an option for 2 more back in October 2022. caixinglobal.com
Here’s the source for the Chinese auto export chart in the first post: chinapower.csis.org
It also has this chart showing surging orders for roll-on/roll-off car carrier ships.
It also has this chart showing surging orders for roll-on/roll-off car carrier ships.
There was talk of a slowdown in growth of demand for EVs and other vehicles in China’s domestic market in February of this year, although this may be a blip with stronger recent monthly figures. reuters.com
So even if you think China is going through a slowdown in demand this year, the surge in Chinese EV exports clearly predated this.
What I think is really happening is Chinese automakers have made massive investments in R&D and production and want these bets to pay off big time.
What I think is really happening is Chinese automakers have made massive investments in R&D and production and want these bets to pay off big time.
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