
Ningbo NEV exports jump 148% in April as Brazil demand spikes
Brazil was the largest overseas market for Ningbo’s NEV exports in April, with shipments valued at 2.92 billion yuan, up 361.6% year on year.

Brazil was the largest overseas market for Ningbo’s NEV exports in April, with shipments valued at 2.92 billion yuan, up 361.6% year on year.

On the financial side, many Zhejiang exporters are primarily settling cross-border trade directly in yuan, circumventing dollar-denominated wire transfers.

The company said the data reflects how intelligent driving systems are increasingly becoming standard features for everyday commuting rather than experimental add-ons.

The methanol-powered system is also positioned as an alternative to battery-only agricultural machinery in northern China’s cold climate.

New-energy vehicle sales across the Geely, Lynk & Co and Zeekr brands climbed to 135,591 units, up 8% from a year earlier and 6.5% from the previous month, accounting for 57.7% of total sales.

The company will introduce two models—the Geely E5 electric SUV and the Starray EM-i plug-in hybrid—both of which received five-star safety ratings from Euro NCAP in 2025.

Looking ahead, Geely plans to launch more than 10 new models and technology upgrades in the second quarter.

The model integrates Geely’s electric vehicle manufacturing capabilities, its G-ASD L4 autonomous driving system, and Caocao’s decade of ride-hailing operational data.

The technology has long been dominated by suppliers such as Infineon Technologies and onsemi, with local suppliers historically accounting for less than 20% of the market.

The results come as Geely marks its 40th anniversary and advances its long-term “One Geely” strategy outlined in the 2024 “Taizhou Declaration.”