Chinese Vehicle Exports: Electrified

From 2018 to 2023 Chinese electric vehicle (EV) exports increased rapidly in terms of quantity and value. It appears that Chinese EV exports are also improving in quality, with higher unit prices and a greater share of exports going to high-income countries. This growth has been driven by a loosening of joint venture (JV) requirements for EV manufacturers by the Chinese government and the development of higher quality EVs by domestic Chinese manufacturers. Chinese EV exports to the United States did not increase significantly during 2018–23, but competition in third-country markets negatively affected U.S. EV exports during this period.