A historic moment China s car exports surpassed Japan s to become the world s largest car exporter

Mondo Cars Updated on 2024-02-01

According to a number of foreign media and domestic related institutions**, China's automobile exports in 2023 will be about 5 million, significantly exceeding Japan's 4.3 million exports, and it has been determined to become the world's largest automobile exporter this year.

According to a report by Wall Street** in the United States, although China's electric vehicles are the world's leading companies, the main export force is still gasoline-powered vehicles. Especially in the Russian market, due to the withdrawal of competitors such as Europe and Japan, Chinese car sales have surged, and the sales of Chinese cars in Russia in 2023 have increased by more than 5 times, and at least about 800,000 Chinese cars can be exported to Russia in 2023.

Japan** said that from other data, the potential of China's auto industry is huge, and it is not surprising that it has become the world's largest auto exporter. According to the statistics of the family**, in 2023, China produced 26 million vehicles, which is 28 times; In the first three quarters, China's car sales were 18 million, which also greatly exceeded the 11 million units of the second-place United States. The huge market demand has stimulated the potential of China's automobile manufacturing.

China's auto exports have mainly achieved rapid development in the past three years, and South Korea's "North Korea" once sighed in the first quarter of this year, when China's auto exports surpassed Japan. "A decade ago, Chinese cars were just cheap copycats, but now, China's small cars and electric cars are becoming more and more competitive. China's auto exports surpassed South Korea for the first time in 2021, surpassed Germany to become the world's second largest exporter last year, and surpassed Japan in the first quarter of this year. ”

In addition to gasoline-powered vehicles, the growth trend of electric vehicles in China, as well as China's technological superiority in the field of electric vehicles, is clearly worrying more foreign**. According to the data, the global market share of new energy vehicles will reach 13 in 20223%, of which China's new energy vehicles have the highest market share, reaching 244%;In second place is Europe with a market share of 173%。At present, there is still great potential for the development of new energy vehicles in the global region, and China's leading position in this field will make the gap between other countries and China in the automotive industry in the future wider.

Of course, China has become the world's largest car exporter, does not mean that China's automobile industry has achieved substantial success, from the global car sales rankings, the top is still Toyota, Volkswagen, Hyundai, Nissan, General Motors and other traditional auto giants, domestic brands only BYD into the top ten, ranked ninth. Judging from the export data, a large part of China's automobile exports are contributed by Tesla, Volkswagen and other foreign capital or joint ventures.

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