China Electric Passenger Car and Lithium Battery Exports Sky-Rocketed in Q1 2023, Export Prices of Electric Passenger Cars Soared

In the first quarter of this year, the performance of electric passenger vehicles, lithium batteries and solar batteries continued to be hot, with a total export of 264.69 billion yuan, a year-on-year increase of 66.9%.

Among them, new energy vehicles led the growth. In the first quarter, the export of electric passenger vehicles was 64.75 billion yuan, a year-on-year increase of 122.3%, accounting for 43.9% of China's automobile exports, up 5.1 percentage points.

Lithium batteries, as the main power source of new energy vehicles, also performed well. According to the data, China's lithium battery exports in the first quarter were 109.79 billion yuan, a year-on-year increase of 94.3%.

From the perspective of average export price, according to customs data, the average export price of pure electric passenger vehicles rose from $800 per vehicle in 2018 to $21,200 per vehicle in 2022.