Ningbo sees surge in NEV exports in April

New energy vehicles await export. [Photo by Zhu Jiana/Yongpai App]

According to Ningbo Customs, new energy vehicle (NEV) exports through Ningbo port recorded remarkable growth in April. Export value reached 4.37 billion yuan ($641.77 million), while export volume hit 41,000 vehicles, up 148.1 percent and 138.2 percent year-on-year, respectively. Compared with March, both figures nearly doubled.

In April, total automobile exports through Ningbo port reached 5.27 billion yuan, with NEVs accounting for 82.9 percent of the total, making them the primary driver of export growth.

Brazil, Jordan, and ASEAN countries became the top overseas destinations for Ningbo's NEV exports. Export values to these markets surged by 361.6 percent, 112.1 percent, and 67.1 percent, respectively, highlighting the growing global competitiveness of Chinese-made electric vehicles.

Local company ZIC International Trading has also expanded its presence in Latin America, South Asia, and Central Asia. The company said it exported more than 1,300 NEVs to Central Asia in the first four months of the year, with export value up 1,197 percent year-on-year.

From January to April, Ningbo port exported 169,000 vehicles worth 17.33 billion yuan. Customs officials said Ningbo's NEV exports now reach more than 120 countries and regions worldwide, with market share steadily expanding in Belt and Road partner countries.