China is exporting so many EVs that it needs more ships – a lot more
Baua Electric
APRIL 11, 2024
Customers buying the ships include SAIC Motor, Chery, BYD, as well as shipping companies COSCO and China Merchants “on behalf of Chinese automakers,” reports Reuters. “After this armada has been delivered to China, the Chinese controlled car carrier fleet will jump from current 2.4% to 8.7%,” Veson analyst Andrea de Luca told Reuters.
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