Chinese electric vehicle makers are expanding into global markets,banks like Goldman Sachs are raising export forecasts to match. Global demand for EVs is helping these firms offset slumping domestic sales. Analysts see tough times ahead for big names like BYD and Xpeng though.
China’s new-energy vehicle exports jumped 63% year-on-year in first quarter of 2026. More competitive models are driving this growth. The bank revised forecasts for China’s passenger vehicle exports, now seeing rise of 6 to 11% between 2026 and 2030 . Exports expected to climb from 7.8 million units in 2026 to 10 million by 2030 .
Outside China and U.S.,Chinese brands may grab 17% of global sales by 2030. Last year,about 1 million vehicles sold in western Europe alone,cementing their position in this important market…
