Chinese drivers stopped buying cars, so China’s automakers shipped them abroad: exports are up 64% while domestic sales fell 27%

China’s passenger car exports surged 64% in September from the same month in 2025, an industry association reported Monday, as Chinese automakers increasingly focus on exports to drive growth amid sluggish domestic sales. China exported around 919,000 passenger vehicles in September, lifted by overseas demand for plug-in hybrids and pure electric vehicles, data from the China Association of Automobile Manufacturers showed. In the first nine months of 2026, China exported over 7.1 million passenger cars, up more than 70% from the same period last year.

Source: Fortune Crypto