New energy vehicles await shipment at Taicang Port, Jiangsu province. JI HAIXIN/FOR CHINA DAILY
China's automobile exports experienced robust growth in the first half, with new energy vehicles emerging as a major driving force, particularly in markets involved in the Belt and Road Initiative, industry data showed.
From January to June, China exported 1.135 million NEVs to BRI partner countries, representing a remarkable year-on-year increase of 59.4 percent, said the General Administration of Customs, citing data from the China Association of Automobile Manufacturers.
During the same period, the total export value of autos and auto-related parts to these regions reached $83.67 billion, up 30.8 percent year-on-year. This accounted for 57.5 percent of the country's total autos and auto-related part exports. In terms of volume, exports of finished vehicles to BRI partner countries stood at 3.381 million units, jumping 48.1 percent from a year earlier.
This vehicle export boom aligns with the broader strengthening of trade ties. Customs data revealed that China's total imports and exports with BRI partner countries reached 12.97 trillion yuan ($1.92 trillion) in the first half, up 14.8 percent year-on-year and accounting for 50.9 percent of the nation's total foreign trade.
