# Nio, BYD, Chery and Xpeng advance after data shows EV exports more than doubled to just under 1 million in the first quarter.

*business · news · 2026-04-13 · South China Morning Post*

## Key points

- Chinese NEV exports more than doubled to 954,000 units in Q1 2026.
- Total Chinese vehicle exports reached 2.23 million in Q1, up 56.7% year-on-year.
- Chinese EV makers enjoy higher profit margins abroad due to higher overseas prices.
- Strong export growth has eased investor concerns about weak domestic EV demand.

**Companies:** Nio, BYD, Chery, Xpeng, Zhejiang Leapmotor Technology, Geely Automobile, Lantu Auto
**Countries:** China

[Read the full story on South China Morning Post](https://www.scmp.com/business/china-business/article/3349858/chinese-ev-stocks-jump-surging-exports-hopes-domestic-demand-recovery)

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