China Is Flooding the World With Car Exports
The New York Times Even as Chinas other exports falter, its carmakers are seeing big increases in overseas sales, mainly for gasoline-powered models.
At a time when many of Chinas exports are faltering and its consumers are spending less at home, the country is flooding the world with cars.
Overseas demand for inexpensive vehicles made in China, mostly gasoline-powered models that Chinese consumers now shun in favor of electric cars, is so great that the biggest obstacle to selling more abroad is a lack of specialized ships to carry them.
Chinese automakers have leaped to dominance in Russia since war began in Ukraine, transporting cars by train. The companies have also captured large shares of markets in Southeast Asia, Australia, South America and Mexico. With lingering Trump-era tariffs holding back sales to the United States, Chinas automakers are preparing a big push into Europe once they have enough ships.
Shipyards along the Yangtze River are building a fleet of car-carrying ships that act as giant floating parking lots, capable of carrying 5,000 or more cars at a time.
