Mon, 27 Sep 2021

Shanghai's vehicle exports hit record high in H1

03 Aug 2021, 20:05 GMT+10

© Provided by Xinhua

SHANGHAI, Aug. 3 (Xinhua) -- Shanghai exported 206,000 motor vehicles in the first half of 2021 (H1), up 1.65 times from the same period last year, Shanghai Customs said Tuesday.

The total value increased to 20.64 billion yuan (about 3.19 billion U.S. dollars), up 1.9 times year on year, said the customs, adding that the volume and value of the exported vehicles reached a record high.

With more cars sold to developed economies, Shanghai exported 63,000 vehicles to the European Union (EU), Australia and the United States in H1, accounting for 30.5 percent of its total exports.

A total of 60,000 electric vehicles were exported by the metropolis from January to June, increasing 7.5 times year on year and accounting for 34.3 percent of the country's total.

Sign up for Sydney News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!