Xinhua
24 Nov 2022, 21:35 GMT+10
BEIJING, Nov. 24 (Xinhua) -- A container train loaded with 93 new-energy vehicles (NEV) pulled into the Ningbo-Zhoushan port in east China's Zhejiang Province on Thursday. The event completed the assembly of a batch of 402 NEVs to be sent to Europe via container ship, marking the launch of a new time-saving passage for China's NEV exports.
For the vehicle manufacturer, the new rail-sea export route is an upgrade on the roll-on/roll-off ships often used for China's NEV exports, and is aimed at improving efficiency and further stabilizing the supply chain.
China's exports of NEVs surged 96.7 percent to 499,000 units in the first 10 months of 2022, attesting to the industry's robust growth so far this year buoyed by supply chain resilience and supportive policies.
"NEV exports have become a new driver of foreign-trade growth because China is playing an increasingly critical role in the global NEV industry chain," said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.
The country's NEV sales accounted for 62.9 percent of the global total in the first three quarters of this year, data from the China Association of Automobile Manufacturers (CAAM) shows.
Europe emerged as one of the biggest buyers of Chinese NEVs in recent years amid its push for low-carbon goals. The European Parliament and Council agreed in late October that all new cars and vans registered in Europe would be emissions-free by 2035. In the first half of 2022, 34 percent of China's passenger NEV exports were shipped to western Europe, official data shows.
The popularity of Chinese NEVs in the European market and beyond is in no small part thanks to China's solid foundation in power battery production and assembly, said Shi Jianhua, deputy secretary general of the CAAM.
According to market research firm SNE Research, in the first three quarters of 2022, 341.3 GWh of battery power was installed in electric vehicles globally, up 75.2 percent year on year. Chinese battery producer Contemporary Amperex Technology Co., Ltd. ranked first worldwide with 119.8 GWh, while BYD came in third with 43.6 GWh.
A complete domestic NEV industry chain and leading intelligent vehicle technologies also add to the appeal to foreign consumers, Shi said.
China now houses around 11,000 firms in the business of intelligent connected vehicles, of which 260 were founded in the first 10 months of this year, industry data shows. Major cities like Beijing, Shanghai and Shenzhen have rolled out regulations to test these vehicles and foster their prevalence.
With a view to keeping the supply chain stable, the country has put in place an early-warning system for low inventory of auto parts and closely monitored the supply and demand dynamics of 19 major commodities, according to the Ministry of Industry and Information Technology.
On the back of these efforts, the output of NEVs in the country reached 762,000 units last month, up 87.6 percent year on year, industry data shows.
Many domestic NEV brands are making a name for themselves in foreign markets, including the ones with historical strengths in the auto industry. BYD, for one, teamed up with a German car-rental company to enter the country's rental market, after debuting three new models in Japan.
China will continue to make breakthroughs in the NEV sector and work closely with economies worldwide, as part of its efforts to help advance the global low-carbon transition, said Bai.
Get a daily dose of Taiwan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Taiwan Sun.
More InformationOTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...