In 2023, China became the world’s largest car exporter, surpassing Japan for the first time. The increase in overseas sales of electric vehicles contributed to this achievement.
The Japan Automobile Manufacturers Association (JAMA) reported that Japan shipped 4.42 million vehicles in 2023, while China exported 4.91 million vehicles, according to the China Association of Automobile Manufacturers.
China’s customs bureau reported an even higher number, at 5.22 million vehicles, representing a significant year-on-year increase of 57 percent. This growth was driven by a substantial rise in fully electric vehicle exports.
Factors Contributing to China’s Lead
There are several factors that have contributed to this shift in the global automotive export landscape:
- Electric Vehicle Demand: China’s dominance in the electric car market played a crucial role. The Chinese automakers, such as…
