China is now in joint second place for car exports

rose98734 (64)in #economy • 2 years ago (edited)

Here is the graph:

This is down to electric cars, where China has developed a speciality. Companies like BYD have more than 60 different versions of EV and plug-in hybrid cars. Smaller companies like Nio, Xpeng and Li Auto also sell a lot of electric vehicles in China and the non-western world.

Finally, the Tesla gigafactory in Shanghai started producing Teslas in Jan 2021, and exports most of it's cars to Europe.

2 years ago in #economy by rose98734 (64)

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