China's Lithium Battery, NEV, Solar Cell Exports Boom in Africa, Asia, Europe
China's exports of lithium batteries, new energy vehicles (NEVs), and solar cells are booming, with key destinations including Southeast Asia, Europe, Latin America, and Africa. Bill Deng, Founder and CEO of XTransfer, highlighted the opportunities for Chinese exporters in these developing markets.
Africa recorded the highest export PMI, with Ghana and Nigeria leading growth in exports. In recent years, several regions and countries have emerged as particularly important target markets for Chinese exports in the areas of lithium batteries, NEVs, and solar cells. Europe, the USA, India, ASEAN, Latin America, and MENA are the main destinations for these products.
China has strategically focused its exports on these regions and countries, particularly under its 'Dual Circulation' strategy. Despite protectionist measures in the U.S. and EU, China's technological leadership and cost advantages remain in demand. XTransfer, a leading player in B2B cross-border payment risk control, has been instrumental in facilitating these exports. It has secured multiple payment licenses and its AI-driven compliance has raised approval rates to 99%.
With over 700,000 clients, including 47% overseas enterprises, XTransfer continues to expand its global footprint. At the Future Trade Conference 2025 in Guangzhou, the company announced a major milestone in its globalization journey, demonstrating its commitment to supporting Chinese exporters in these dynamic markets.
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