China's EV export boom prompts 47 car-carrying ships orders, making China the 4th largest fleet by 2028.

China's EV export boom fuels record demand for new car-carrying ships, with Chinese automakers and shippers ordering 47 vessels, accounting for 25% of global orders. This surge will make China the world's 4th largest fleet by 2028, up from the current 8th position. The rise in demand is driven by automakers like SAIC Motor, Chery Automobile, and EV giant BYD, as well as shippers like COSCO and China Merchants.

April 10, 2024
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