Automobile exports from Shanghai Waigaoqiao’s Haitong Terminal reached a record high, with 1.08 million vehicles exported between January and October, representing a 28.8% year-on-year increase. This milestone was achieved two months earlier than the previous year, according to data from Shanghai Customs. Haitong Terminal, a key hub for vehicle exports at Shanghai Port, serves over 200 ports globally and accounts for more than 20% of China’s total automobile export volume.
In November, Cosco Shipping’s Chancay Port in Peru began operations, boosting transportation capacity for commercial vehicles. The newly launched Far East–South America West Coast automobile carrier service departed from Shanghai to Chancay, marking a significant development in export logistics for vehicles. China’s automobile exports, particularly electric vehicles (EVs), have experienced notable growth. In September, China exported 60,517 EV units to the European Union, a year-on-year increase of 61%.
The increase in exports comes amid changing trade policies. Western nations have implemented higher tariffs on Chinese automobiles, including EVs. The European Commission introduced import tariffs ranging from 17.5% to 35.5%, depending on the manufacturer, while the U.S. announced a plan in May to quadruple tariffs on Chinese EVs from 25% to 100%.
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