A New Leader Emerges in China’s Export Arena
China’s automotive export machine kept humming in February, sending 441,000 vehicles to global markets. While that number reflects a slight dip from the previous month, it’s a massive 60.5% jump compared to last year. Within that figure, New Energy Vehicles (NEVs) made up 131,000 units, signaling the world’s growing appetite for Chinese EVs and hybrids.
But the real story isn’t just the total volume. It’s the shakeup at the top. For the first time, BYD has snatched the export crown from Chery, shipping an impressive 66,652 vehicles. This move marks a major milestone in BYD’s quest for global dominance. While Chery’s individual brand exported a close 64,176 units, it’s clear the competition is fiercer than ever. It’s worth noting, however, that at the group level, Chery’s multi-brand strategy, including Jetour and Exeed, still gives it a slight edge with 86,000 total exports.
Tesla Takes a Tumble
While BYD celebrated its victory, Tesla’s Shanghai Gigafactory had a rough month. Once a regular in the top three exporters, Tesla China saw its export numbers plummet to less than 4,000 vehicles. That’s a staggering 87% plunge year-on-year and an 86.8% drop from January. This steep decline wasn’t just limited to exports, as the company is also facing intense pressure in the domestic market, with wholesale volumes hitting a two-year low.
This raises serious questions about Tesla’s position in China, the world’s most competitive EV market. The combination of fierce local competition and a product lineup that is starting to age seems to be taking its toll.
The Power Players and Top Models
Looking at the individual models, the BYD Song Plus continues to be an absolute powerhouse, leading the pack with 22,103 units shipped overseas. It’s a testament to the model’s compelling mix of technology, design, and value. Chery’s Tiggo 5X and Tiggo 7 also secured strong spots in the top five, proving the brand’s SUV lineup has serious international appeal.
Meanwhile, MG, owned by SAIC, held its ground firmly in third place with nearly 30,000 exports, driven by the enduring popularity of the MG ZS and MG 3. With models like the all-new MG4 EV making waves, the brand’s momentum looks set to continue. Right behind them, state-owned auto giant Changan also posted a solid performance, exporting over 25,000 vehicles and landing in fourth place.
The February numbers paint a clear picture: the landscape of China’s auto market is shifting. BYD is on an aggressive upward trajectory, while established players like Tesla are being forced to adapt or risk being left behind. The export race is a key battleground, and the competition is only just getting started.
