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China’s auto exports grew 29% in June.

China’s auto exports grew 29% in June.

Auto sales in China, the world’s largest market, fell 7.4% in June compared to the same period in 2023. Car sales amounted to 1.8 million units, while exports rose 29% to 400,000 vehicles.

According to the monthly report of the China Association of Automobile Manufacturers (CAAM) exports increased by 31.5% in the first six months of the year, while domestic sales showed a slight increase of 1.6%.

The increase in exports in the first half of the year comes at a time when the European Union has announced the introduction of tariffs on Chinese electric models.

However, according to CAAM data, China’s auto export growth has benefited from the increase in exported gasoline vehicles, which rose 36% in the first half of the year and accounted for 78% of vehicle exports. In contrast, electric vehicles fell 2.3%, while hybrid vehicles rose 180%.

Russia remains the largest export market. Other important markets include Brazil and Mexico in Latin America, the United Arab Emirates and Saudi Arabia in the Middle East, and Belgium and the United Kingdom in Europe.