In 2023, the country surpassed Japan by selling 5.26 million domestic cars abroad.
By the end of 2023, China has overtaken Japan to become the world’s largest exporter of automobiles. CNN reported this on Wednesday, January 10.
The China Passenger Car Association (CPCA) said the country likely exported a record 5.26 million vehicles last year, including cars, buses and trucks, up 56% from 2022, with a total value of 102 billion dollars,” the report said.
Japan, considered the market leader, is expected to ship 4.3 million vehicles in the same period, lagging by nearly a million.
Customs data for the partial year 2023 showed that car exports from China reached 4.76 million units in the first 11 months of 2023. During the same period, exports of cars in Japan.
“Without a doubt, China has become the world’s largest exporter,” said the China Passenger Car Association.
CNN said that in the first 11 months of 2023, deliveries of Chinese cars to Russia grew by 545% to 840 thousand units compared to 2022, making it the fastest growing market.
“Chinese cars benefited from the absence of global competitors in Russia. 2023 is a significant year for Chinese electric vehicles, which are cheaper than models produced by competitors in other countries. They entered the Europe, Australia and Southeast Asia,” the publication wrote.
It was previously reported that sales of Chinese cars in Russia have reached their peak. The Russian Federation has become China’s largest export market for cars. Even connoisseurs of premium brands in Russia are forced to switch to Chinese cars.
Source: korrespondent
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