New energy vehicles await export. [Photo by Zhu Jiana]
By Jin Lu
Exports of new energy vehicles (NEVs) through Ningbo port surged in April, according to data released by Ningbo Customs. Export value reached 4.37 billion yuan ($641.77 million), while export volume hit 41,000 vehicles, up 148.1% and 138.2% year-on-year, respectively. Compared with March, both figures nearly doubled.
In April, total automobile exports through Ningbo port reached 5.27 billion yuan, with NEVs accounting for 82.9 % of the total, making them the primary driver of export growth.
Brazil, Jordan and ASEAN countries were among the largest overseas markets for Ningbo's NEV exports. Export values to these markets surged by 361.6%, 112.1%, and 67.1%, respectively, reflecting the growing global competitiveness of Chinese-made electric vehicles.
Local company ZIC International Trading has expanded its presence in Latin America, South Asia, and Central Asia. The company said it exported more than 1,300 NEVs to Central Asia in the first four months of the year, with export value up 1,197% year-on-year.
From January to April, Ningbo port exported 169,000 vehicles worth 17.33 billion yuan. Customs officials said Ningbo's NEV exports now reach more than 120 countries and regions worldwide, with market share steadily increasing in Belt and Road partner countries.