China's commercial vehicle exports continue to maintain good momentum

In February, 271,000 passenger cars were exported, up 8.3% month on month and 85.8% year on year. 58,000 commercial vehicles were exported, up 15.1% month-on-month and 67.2% year on year. Exports of new energy vehicles reached 87,000 units, up 5.3 percent month-on-month and 79.5 percent year-on-year.

In January-February, Chinese auto companies exported 630,000 vehicles, up 52.9 percent year on year. The export of passenger cars was 522,000 units, up 57.7% year on year. Commercial vehicle exports reached 108,000 units, up 32.9% year on year; 170,000 new energy vehicles were exported, up 62.8 percent year on year.

In February, SAIC Motor exported 76,000 vehicles, up 61.7 percent year on year, accounting for 23.2 percent of total exports. Compared with the same period last year, BYD (237.310, -3.18, -1.32%) had the most significant export growth, exporting 17,000 vehicles, a 12-fold increase.

Industry experts said that Chinese automobiles give full play to the advantages of systemization and scale, continue to enrich the overseas product matrix, international competitiveness continues to rise, and China's automobile export is expected to reach a new level in 2023.