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China's Used Car Exports Soar 45% Amid EV Demand

1/12/2025

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Summary

Story summary

In 2024, China saw a remarkable surge in used car exports, reaching around 400,000 units—a 45% jump from the previous year. This boom is fueled by a growing appetite for electric vehicles in Russia and Central Asia, with Geely's Zeekr and Li Auto leading the charge, offering budget-friendly models packed with innovative entertainment features.

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Story summary

In 2024, China saw a remarkable surge in used car exports, reaching around 400,000 units—a 45% jump from the previous year. This boom is fueled by a growing appetite for electric vehicles in Russia and Central Asia, with Geely's Zeekr and Li Auto leading the charge, offering budget-friendly models packed with innovative entertainment features.