China’s EV Exports Jump to Record as Oil Shock Entices Buyers

China’s exports of electric vehicles and hybrids more than doubled in March to a record as the global energy shock stemming from the Iran war renewed interest in EVs.

Overseas shipments jumped 140% from a year earlier to 349,000 units, according to data from China Passenger Car Association released on Thursday. BYD Co., the world’s largest EV maker, accounted for about a third of the total, with Geely Automobile Holdings Ltd. and Chery Automobile Co. rounding out the top three exporters for the month, it said.