Shanghai Haitong International Automotive Terminal, located at Waigaoqiao Port, has reached an impressive milestone in 2024. According to Shanghai Customs, the terminal exported 1.08 million vehicles from January to October—a remarkable 28.8% year-on-year increase, hitting the 1-million mark two months earlier than last year.
As the leading vehicle export hub of Shanghai Port, Haitong handles over 20% of China’s total automobile exports, connecting to more than 200 ports worldwide. Recent additions, such as COSCO Shipping’s Far East-South America West Coast route, now including Chancay, Peru, have further enhanced the terminal’s capacity to serve global markets.
Global Challenges and Opportunities for China’s Automobile Exports
Despite this growth, China’s automobile exports are under increasing scrutiny in Western markets. The European Commission (EC) has imposed import tariffs on Chinese-manufactured electric vehicles (EVs), ranging from 17.5% to 35.5%, depending on the manufacturer. Similarly, the Biden Administration in the US has announced plans to raise tariffs on Chinese EVs from 25% to 100%.
However, demand remains resilient. In September 2024, China exported 60,517 EV units to the EU—a 61% year-on-year increase—demonstrating the strength of Chinese automakers in navigating rising trade barriers.
Why Now is the Best Time to Export
With the Chinese New Year rush fast approaching, this is the ideal time to fast-track your exports to avoid delays from increased seasonal demand. Proactive logistics planning is crucial for maintaining profitability and meeting delivery schedules.
How ASLG Can Help with Automobile Exports
At ASLG, we specialize in international automotive transportation, providing seamless logistics solutions tailored to your needs. From ensuring compliance with international trade regulations to managing documentation and optimizing shipping routes, we help your vehicles reach global markets smoothly and cost-effectively.
Contact ASLG today to secure your shipments before the Chinese New Year rush. Let us guide you through the complexities of global trade with confidence and ease.
