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News from ECG
A total of 2.2 million units of new finished vehicles have been exported from China in the first quarter of 2026, marking an annual increase of 57% year on year as per data released by the China Association of Automobile Manufacturers (CAAM).
In the month of March a total of 875,000 units were exported, marking an increase of 72.5% compared to the same month a year ago. February exports hit 672,000 units, up 52% y/y while January exports hit 681,000 units up 44.9% y/y.
Of the total volume exported in Q1 from China, 1.27 million units were internal combustion engined (ICE) vehicles, marking an increase of 30% y/y. New Energy Vehicle (NEV) exports hit 954,000 units in the Q1 timeframe, marking a 116% year on year jump. Overall ICE exports account for 57% of total new vehicle exports from China, while NEVs account for 42.8%.
In the Q1 2026 timeframe, a total of 935,000 NEV Passenger Vehicles were exported from China accounting for 98% of the NEV exports, while NEV Commercial Vehicles accounted for 19,000 units. NEV exports from China comprise of battery electric vehicles (BEVs) and plug in hybrid electric vehicles (PHEVs). BEV exports hit 594,000 units exported in Q1, while PHEV exports hit 360,000 units.
Of the total vehicles exported in Q1 2026, passenger vehicles accounted for 86% of the volume with 1.9 million units exported, while commercial vehicle exports hit 305,000 units in the first quarter. Of the commercial vehicles exported, bus exports rose 15% y/y but truck exports jumped 28% to 265,000 units.
The top exporter in Q1 2026 is led by Chery with exports of 391,000 units, up 54% y/y. BYD is second with exports of 321,000 units, followed by SAIC with 299,000 units. Geely comes in fourth with 255,000 units, while Changan is fifth with 213,000 units exported. Great Wall is sixth with volume exports of 130,000 units, while Tesla is seventh largest exporter OEM from China with 101,000 units. BAIC is eight with 94,000 units exported, Dongfeng is ninth with 93,000 units and FAW comes in tenth with 62,000 units of new vehicles exported from China in the first quarter of the year.
Destination data has not yet been released. ECG will update members when this data is made available.
ECG Members can access the full report here