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Zero Growth Highly Likely for CN EV Exports This Yr Under Immense Pressure: CPCA
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Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), gave a prediction in an article that the overall car export growth rate will be 10% in 2025, reaching 7 million vehicles. With the slowdown in electrification in Europe and the US, coupled with the US announcing its withdrawal from the new energy subsidy policy, Cui estimated that China's electric vehicle (EV) exports in 2025 will likely record zero growth under significant pressure. In 2024, the growth rate for pure electric exports was only 15%. Specifically, it is expected that in 2025, pure electric exports will log zero growth, gasoline car exports will increase by 9%, and plug-in hybrid exports will leap by 70%. In addition, the CPCA projected that passenger car exports will grow by 10% to 5.3 million units. AAStocks Financial News |
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