What’s new: China’s exports of passenger vehicles more than doubled in the first five months as automakers expand abroad to drive growth amid escalating competition at home.
Chinese automakers exported 1.38 million vehicles from January through May, up 102% from the same period a year ago, data from China Passenger Car Association (CPCA) showed. In May, passenger car exports rose 64% year-on-year to 302,000 units.
