None
DE
China’s SAIC builds fossil LNG-powered ships for car exports as new EU climate policies kick in
['Jill Shen', 'More Jill Shen', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar']
TechNode
Details: China’s biggest automaker said on Wednesday that the SAIC Anji Sincerity has begun its maiden trade voyage from Shanghai to Europe.
Volkswagen’s Chinese manufacturing partner expects its carriers to have a total combined capacity of 1.8 million cars per year by 2026.
Zhao also mentioned SAIC’s goal to sell 1.35 million cars overseas in 2024, which would mark a growth of more than 11% from the 1.2 million units it achieved last year.
Context: SAIC is not the only Chinese carmaker to build its own fleet and set its sights on going global.
Its move takes place as China recorded exports of 5.2 million cars last year, meaning a 57.4% annual growth rate, and is set to dethrone Japan to become the world’s largest car exporter.
['eu'
'car'
'million'
'cars'
'overseas'
'technode'
'builds'
'motor'
'policies'
'chinas'
'exports'
'kick'
'co2'
'lng'
'ships'
'set'
'gas'
'saic'
'chinese']