Story perspectives
China Exports 500,000 Used Cars Amid EV Competition
6/25/2025
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Story summary
- China is exporting nearly 500,000 zero-mile "used" cars to markets like Russia and the Middle East.
- Local governments facilitate this by issuing export licenses and developing necessary infrastructure.
- The initiative started after the removal of export restrictions in 2019 to strengthen the automotive sector.
- This move comes amid intense competition among over 300 automakers in China's electric vehicle market.
