BEIJING/SHANGHAI - Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the world's fourth-largest fleet by 2028.
The jump in orders has mostly benefited Chinese shipyards, which received 82% of orders globally, the data showed. But the export rise has prompted the U.S. and EU to accuse China of trying to deal with excess industrial capacity by flooding their markets with low-priced products. However,"there remain some niches where the market probably hasn't saturated, such as car cargo ships," Xu said.
China Automakers Shippers Car-Carrying Vessels EV Exports Fleet Orders
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