Chinese automotive companies are establishing oceangoing car carrier fleets, also known as Ro-Ro ships, to enhance their export capacity and responding to the trend of China-made vehicles being shipped abroad.
In mid-January, BYD's first car carrier, Explorer No 1, leased from the international shipping company Zodiac Maritime, embarked on its maiden voyage, transporting more than 5,000 new energy vehicles to Europe.
Rising demand, transition to smart, green mobility pushing car sales to new highs
China's automotive industry is firing on all cylinders, powered by growing demand from car buyers, increased competition among automakers, and accelerated industry-wide transition toward smart and green mobility.
China, which has been the world's largest vehicle market since 2009, is expected to see sales hit a record 30 million units this year and rise to 31 million units in 2024, according to estimates by the country's leading automotive trade association.
