On January 9, the China Passenger Car Market Information Association (CPCA) released a report saying that China, the world's largest auto market, has also been confirmed to surpass Japan in 2023 and become the world's largest auto exporter for the first time as Chinese automakers make major breakthroughs overseas.
According to estimates, it is safe to expect China's auto exports to reach 5.26 million for the whole of last year, which is about 1 million more than Japan's annual exports of 4.3 million units. The US media "Wall Street**" quoted the data of this report as pointing out that this marks a major change in the pattern of the global automotive industry.
Although China has been recognized as a global leader in the field of electric vehicles, traditional gasoline-powered vehicles are still the main driver of growth, especially from Russia, the report said. Since the outbreak of the Russia-Ukraine conflict, Western automakers have withdrawn from the Russian market, and the export increase of Chinese cars in Russia in 2023 will be about 800,000 units, and the sales volume will be at least five times that of 2022.
For this data report released by the China Passenger Car Market Information Association, foreign media such as "Wall Street**" and Reuters have paid attention to it.
China exported a record 3.83 million passenger cars last year, up 62 percent year-on-year, the report said. According to the collated customs data, China's automobile exports last year reached the world's largest volume and value. Combined with the data from January to November last year and the export trend in December of the previous year, it should be certain that China's automobiles will reach 5.26 million under normal circumstances throughout the year.
According to the report, Japanese auto exports from January to November last year were less than 4 million units, and the annual export volume is expected to be about 4.3 million units. In 2023, China's car exports will surpass Japan's by nearly one million, and it is a sure thing that it will become the world's largest export.
From 2017 to 2023, changes in China, Japan, Germany, and South Korea's auto exports are from Bloomberg.
* |Observer.com.