China's new energy vehicle exports in July showed explosive growth driven by Tesla, according to a report by the China Passenger Car Association (CPCA) on Tuesday.
Tesla China exported 24,347 units in July, SAIC's new energy vehicle exports were 4,407 units, BYD exported 781 units and Chery Auto exported 120 units, the CPCA said.
China exported 128,000 passenger cars in July, up 212 percent year-over-year, with new energy vehicles accounting for 20 percent of total exports, the CPCA said.
Among them, exports of local brands reached 90,000 units, up 160 percent year-over-year, while exports of Chinese and foreign joint venture brands reached 17,000 units, up 120 percent year-over-year.
China's wholesale sales of new energy passenger vehicles reached 246,000 units in July, up 5.1 percent from the previous month and up 202.9 percent year-over-year. 1.339 million new energy passenger vehicles were sold wholesale in China from January to July, up 227.4 percent year-over-year.
Retail sales of new energy passenger vehicles reached 222,000 units in July, up 169.4 percent year-over-year and down 3.2 percent from the previous month. 1.229 million new energy vehicles were retailed from January to July, up 210.2 percent year-over-year.
China's auto exports rose 102.5 percent year-over-year from January to July, a record high growth rate for the same period, pulling up the overall export growth rate by 0.6 percentage points, the Ministry of Commerce (MOFCOM) said on Tuesday.
China's private auto exports rose 30.1 percent from January to July, accounting for 2.4 percentage points more than a year earlier to 56.8 percent, pulling up overall export growth by 16.4 percentage points, the MOFCOM said.