Aye, aye captain: EV boom spurts demand for massive car-carrying ships in China

Car-carrying ships are in hot demand and the bulk of orders are being placed from China where manufacturers have started eyeing foreign shores with ke
...
BYD
File photo of BYD Explorer 1 cargo ship which has a capacity to transport 7,000 cars at a time, across international waters.
BYD
File photo of BYD Explorer 1 cargo ship which has a capacity to transport 7,000 cars at a time, across international waters.

Electric vehicles (EVs) are fast taking over global roads. And because production facilities for brands are spread far and wide, ferrying EVs from one part of the map to another is assuming far greater significance than before. As such, fresh orders for massive car-carrying cargo ships are coming in hot and fast, especially in China, the world's largest EV manufacturer and market.

Chinese EV-making companies have largely focused on the enormous local market to establish a foothold. But this is now changing with companies like BYD, SAIC Motor and Chery Automobile increasing global presence. Made-in-China EVs are becoming a common sight in many European markets even as global brands like Tesla and Volkswagen also concentrate on manufacturing in China for foreign shores owing to the cost-effective supply chain here. As such, the need to ship vehicles manufactured here to distant lands is on the rise.

Also check these Cars

Find more Cars
Tata Sierra Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon69 kWh Range Icon420 Km
₹ 25 - 30 Lakhs
View Details
Mg 4 Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon64kWh Range Icon350 km
₹ 30 - 32 Lakhs
View Details
Tata Harrier Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon50 kWh Range Icon400 Km
₹ 22 - 25 Lakhs
View Details
Honda Elevate Ev (HT Auto photo)
UPCOMING
₹ 18 Lakhs
View Details
Tata Punch Ev (HT Auto photo)
BatteryCapacity Icon35 Kwh Range Icon421 km
₹ 10.99 - 15.49 Lakhs
Compare
View Offers
Mg Comet Ev (HT Auto photo)
BatteryCapacity Icon17.3 kWh Range Icon230 km
₹ 6.99 - 9.24 Lakhs
Compare
View Offers

Also Read : China takes on US in epic EV battle, blames subsidies as ‘discriminatory’

Reuters reports that China is all set to have the fourth-largest fleet of car-carrying ships in the world by 2028. It is currently at eight position with 33 such ships. Leading the way is Japan with 283 ships, Norway (102), South Korea (72) and Isle of Man (61). The same report highlights that there are orders for 47 new ships in China which will add to the fleet available here, and significantly at that.

BYD
China is poised to play a major role in EV transportation using massive car-carrying ships.
BYD
China is poised to play a major role in EV transportation using massive car-carrying ships.

Build Your Dreams, one ship at a time

BYD (Build Your Dreams) has emerged as a leading player in the world of EVs and is competing against Tesla for the title of being the world's largest electric car company. While a vast majority of its cars are sold within China, the company started on its global expansion project recently and in 2023, exported 240,000 cars to foreign shores. This was around eight per cent of its overall sales in the year and many predict this share will only rise. The Shenzen-based company has also opted to own the car-carrying cargo ships with the Explorer 1 recently completing its maiden voyage to Europe. Seven more such ships will soon be inducted into the fleet.

In the times to come, expect other brands to likely consider this option too and this is because shipping costs could potentially rise.

Overall, however, it is a good time to be in the ship-building business with Chinese shipyards in particular working overtime to meet with the spurt in demand.

First Published Date: 10 Apr 2024, 09:54 AM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.