Logo 11 Dec 2024

NEV exports fall flat as exporters change EU strategy

Subscribe to keep reading.

Trivium Markets keeps you briefed on the latest developments in China markets policy.

Try it free

Already a subscriber? Log in.

New energy vehicle (NEV) exports fell flat in November, hitting their lowest volume since June and their lowest share of auto exports in two years.
Per the China Passenger Car Association's (CPCA) November market data, released Monday:

Internal combustion engine vehicle (ICE) exports rose 9.3% y/y ...



More recent developments

Logo December 18, 2024
November fiscal data doesn’t inspire confidence

Local government financial stresses persisted in November, despite modest tax revenue growth. According to finance ministry (MoF) data, released Monday, general public budget revenue – the biggest chunk of government income – increased by 11.0% y/y, marking the third consecutive… Read More »

Logo December 18, 2024
Subsidy programs fuel increased spending on home renovations

The consumer trade-in program is bearing fruit. Quick refresher: Early this year, the State Council released an action plan to promote a consumer goods trade-in initiative, including offering subsidies for home renovations. At the end of July, authorities ramped up… Read More »

Logo December 18, 2024
Econ targets for 2025 leaked

Officials have set China's 2025 economic growth target at "around 5%" and the budget deficit target at 4%. That's according to Reuters, who disclosed the leak on Tuesday, citing two unnamed sources. A 2025 growth target of "around 5%" would… Read More »