{"id":3569,"date":"2026-04-10T16:50:56","date_gmt":"2026-04-10T16:50:56","guid":{"rendered":"https:\/\/stock999.top\/?p=3569"},"modified":"2026-04-10T16:50:56","modified_gmt":"2026-04-10T16:50:56","slug":"trumps-gift-to-china-a-booming-market-for-cheap-state-of-the-art-evs-amid-the-iran-war","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=3569","title":{"rendered":"Trump’s gift to China: a booming market for cheap, state-of-the-art EVs amid the Iran War"},"content":{"rendered":"

<\/p>\n

China\u2019s\u00a0exports of passenger cars accelerated in March, an industry association said Friday, as Chinese automakers stepped up their push to grow overseas markets.<\/p>\n

Passenger car exports jumped 82.4% year-on-year last month to around 748,000 vehicles, according to the China Association of Automobile Manufacturers, up from the 586,000 vehicles exported in February.<\/p>\n

Exports of new energy passenger vehicles \u2014 including battery electric vehicles and plug-in hybrids \u2014 surged more than 140% in March from a year ago to 363,000 units. That\u2019s also up 31% from the about 276,000 units of such vehicles exported in February.<\/p>\n

The biggest Chinese automakers, including\u00a0BYD\u00a0and Geely Auto, have been increasing their efforts in boosting sales abroad, including expanding production facilities outside China. There have also been growing expectations that the global energy shock and higher fuel prices due to the Iran war could prompt more drivers to want to switch to EVs.<\/p>\n

Chinese car brands have made inroads over the past months in regions such as Europe, Latin America and\u00a0Southeast Asia.<\/p>\n

\u201cThe impact of the Iran conflict hasn\u2019t fully shown up in March data yet, but it can act as a trigger,\u201d said Chris Liu, a Shanghai-based senior analyst at advisory group Omdia.<\/p>\n

\u201cIn many markets that are structurally well suited for EVs, adoption has been slow simply because consumers lacked urgency,\u201d he said. \u201cA sharp rise in fuel prices changes that.\u201d<\/p>\n

The Chinese carmakers\u2019 strong overseas push also came at a time when domestic vehicle sales in China have come under pressure from\u00a0scaled-back government support\u00a0this year to encourage drivers to switch to new energy vehicles.<\/p>\n

Fierce\u00a0competition\u00a0in China among car brands and a prolonged property sector slump that has weighed on consumers\u2019 desire for big purchases also impacted Chinese automakers.<\/p>\n

Domestic passenger car sales fell 19.2% last month from a year earlier to nearly 1.7 million units. It was the\u00a0fifth consecutive month\u00a0of year-on-year declines for passenger car sales at home, based on data from the China Association of Automobile Manufacturers.<\/p>\n

UBS auto analyst Paul Gong believes that the domestic sales weakness will not be too long lasting and that the surge in overseas sales among Chinese carmakers could help with the weaker demand at home.<\/p>\n

\u201cFor the overall industry, the overseas market\u2019s sales volume growth is more than enough to offset domestic decline on a full-year basis,\u201d said Gong, head of China autos research at UBS investment bank.<\/p>\n

Overseas passenger car sales by units for Chinese automakers might grow by 20% or more this year compared with last year, he predicted.<\/p>\n

#Trumps #gift #China #booming #market #cheap #stateoftheart #EVs #Iran #War<\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s\u00a0exports of passenger cars accelerated in March, an industry association said Friday, as Chinese automakers…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[7956,5079,173,3643,3995,7955,376,33,7957,1983,684],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/3569"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3569"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/3569\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}