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China is accelerating its push into global markets with a significant increase in passenger car exports.
China's passenger car exports rose 82.4% in March, according to official industry data.
KEY POINTS
- BYD and Geely are leading Chinese automakers expanding production and sales internationally.
- Global energy challenges and high fuel prices are driving increased demand for Chinese electric vehicles.
- UBS forecasts a 20% increase in Chinese car exports this year despite weaker domestic sales.
COMPANIES
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