Chinese electric vehicle makers are experiencing a shortage of shipping capacity as their exports surge. The high demand has led to increased costs for shipping cars. The situation is further exacerbated by shipbuilders facing significant backlogs in orders. In response, Chinese EV companies are considering taking car shipping into their own hands. One major player, BYD, recently acquired its first car carrier ship and has ordered several more. However, the scarcity in car carrier ships has driven up prices, causing concern among Chinese EV makers.
