Exports of electric vehicles from China in November 2022 reached a record level, primarily due to European demand, writes Bloomberg. China exported US$3.2 billion worth of electric vehicles in November, up 165% from the same month in 2021, according to China’s General Administration of Customs. 70% of deliveries. It is noted that in the past two months (October and November), the export of electric vehicles from China exceeded half of the total export of cars from this country.
The successes of the Chinese auto industry are recorded against the backdrop of growing problems with European manufacturers. According to the German publication Handelsblatt on December 28, citing a study by the consulting agency Beryls, the European auto industry is threatened with loss of competitiveness, primarily due to a sharp increase in energy prices. It is noted that their cost has increased in North America and China, but less than in Europe.