Overview
- In 2024, nearly 90% of China’s 436,000 exported “used” vehicles were actually brand-new combustion-engine models offloaded to ease domestic gluts.
- Provincial authorities have granted extra export licenses, accelerated tax credits and new infrastructure spending to help factories meet Beijing’s growth targets.
- Primary markets for the “zero-kilometer” exports included Russia, the Middle East and Central Asia, where some governments have imposed bans or stricter import rules.
- Last year, the EU imposed punitive tariffs on Chinese electric vehicles to counteract what it saw as dumping below market prices.
- Jordan and other countries are reviewing import regulations to curb the practice, and affected manufacturers have filed complaints against the EU measures.