China car exports jump 73% in May as high fuel prices raise interest in EVs (opens in new tab)

China’s passenger car exports jumped 73% year-on-year in May to around 809,000 vehicles, an industry group reported Wednesday, as higher gasoline and diesel prices due to the war in Iran raised interest in electric vehicles. Exports of new energy vehicles, including pure EVs and plug-in hybrids, more than doubled in May from a year earlier to about 435,000 passenger cars, or more than half the total. Chinese automakers such as BYD have been stepping up their overseas expansions, targeting mar...