China's new energy vehicles rank first in the world in production and sales and are popular in overseas markets. Among them, 1.203 million newenergy vehicles were exported, a year-on-year increase of 77.6%.
Europe is becoming a major incremental market for China's automobile exports. China and Europe are highly complementary in terms of new energy vehicle technology, production capacity and supply chain. Relying on their respective advantages, China, Europe and the U.S. will further benefit consumers and open new areas for China-EU cooperation.