China’s electric vehicle (EV) exports have recorded their first decline amid intensifying trade tensions with the West that have resulted in increasing tariffs, according to new data released by China’s authorities.
On June 14, the China Association of Automobile Manufacturers released its report on monthly production and sales for the automobile industry in May. The data show that, for the first time, China’s monthly electric and hybrid vehicle exports were down by 9 percent year-on-year, with only 99,000 vehicles exported in May.
