China’s automobile exports are expected to slow down considerably in 2025, after reaching a new record in exports in 2024 for the second consecutive year.
According to data from the China Association of Automobile Manufacturers (CAAM), revealed by “Reuters”, China’s vehicle exports are expected to grow by 5.8%, reaching 6.2 million units in 2025, a figure significantly lower than the 19.3% increase recorded last year.
This forecast of a slowdown in exports contrasts with a slight estimate of an increase in vehicle sales in China this year, benefiting from purchasing incentive policies, particularly for electric vehicles, in the world’s largest automotive market.
Thus, the China Association of Automobile Manufacturers expects sales in China to rise by 4.7%, reaching 32.9 million units this year, following a 4.5% increase in 2024.
The CAAM did not provide export estimates by vehicle type, but noted that exports of 100% electric vehicles fell by 10.4% last year, while exports of plug-in hybrids increased by 190%.
These figures are far from those recorded in 2023, when exports of Chinese electric vehicles surged by 80.9%, and plug-in hybrid models grew by 47.8%. The imposition of additional tariffs on electric vehicles manufactured in China, introduced by the European Union at the end of October, is seen as the measure that penalized China’s automobile exports in 2024.
