A CONTAINER train loaded with 93 new energy vehicles (NEV) pulled into the Ningbo-Zhoushan port in eastern China’s Zhejiang Province on Thursday. The event completed the assembly of a batch of 402 NEVs to be sent to Europe via container ship, marking the launch of a new time-saving passage for China’s NEV exports.

For the vehicle manufacturer, the new rail-sea export route is an upgrade on the roll-on/roll-off ships often used for China’s NEV exports, and is aimed at improving efficiency and further stabilizing the supply chain.

China’s exports of NEVs surged 96.7% to 499,000 units in the first 10 months of 2022, attesting to the industry’s robust growth so far this year buoyed by supply chain resilience and supportive policies.

“NEV exports have become a new driver of foreign-trade growth because China is playing an increasingly critical role in the global NEV industry chain,” said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.

China’s NEV sales accounted for 62.9% of the global total in the first three quarters of this year, data from the China Association of Automobile Manufacturers (CAAM) show.

Europe emerged as one of the biggest buyers of Chinese NEVs in recent years amid its push for low-carbon goals. The European Parliament and Council agreed in late October that all new cars and vans registered in Europe would be emissions-free by 2035. In the first half of 2022, 34% of China’s passenger NEV exports were shipped to western Europe, official data show.

The popularity of Chinese NEVs in the European market and beyond is in no small part thanks to China’s solid foundation in power battery production and assembly, said Shi Jianhua, deputy secretary general of the CAAM.

According to market research firm SNE Research, in the first three quarters of 2022, 341.3 GWh of battery power was installed in electric vehicles globally, up 75.2% year on year.

Chinese battery producer Contemporary Amperex Technology Co. ranked first worldwide with 119.8 GWh, while BYD came in third with 43.6 GWh.

A complete domestic NEV industry chain and leading intelligent vehicle technologies also add to the appeal to foreign consumers, Shi said.      (Xinhua)