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Chinese EV makers train sights on Middle East, Brazil, Russia after US, EU raise tariffs
- China has become the largest auto exporter to Israel this year, driven by electric car sales, while EV shipments have also surged in Russia and Brazil
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Daniel Renin Shanghai
Chinese electric vehicle (EV) makers are making greater forays into the Middle East and major emerging markets like Brazil and Russia as they seek to divert their exports to other destinations after setbacks from higher tariffs in the US and the European Union.
China has leapfrogged South Korea to become the largest auto exporter to Israel this year, as electric car sales by BYD and its domestic peers boosted volumes. These exporters have also reported a surge in deliveries to buyers in countries from Brazil to the United Arab Emirates (UAE).
“Buoyant exports reflect the resilience of China’s automobile industry,” said Cui Dongshu, general secretary of the China Passenger Car Association (CPAC). “Chinese-made new-energy vehicles, banking on their high quality, have played an instrumental role in displaying the country’s increasing influence worldwide.”
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He added that Chinese EV builders have flourished in international markets because their vehicles provide value for money to global customers.
A total of 34,601 petrol and electric cars made in mainland China were shipped to Israel in the first five months of 2024, surpassing South Korea’s 27,187 units, according to data from the Israel Vehicle Importers Association.
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