China likely to overtake Japan in car ex • Table.Briefings

Car manufacturer BYD alone sold a total of around three million vehicles in 2023.

With a 62 percent increase in car exports last year, the People’s Republic has become the world’s largest car exporter – for the third year of growth in a row.

Chinese car manufacturers boosted demand last year with price discounts. According to the China Passenger Car Association, passenger car sales rose by 5.3 percent to 21.93 million vehicles in 2023. This was the third consecutive year of growth for the industry in China.

China likely to overtake Japan in car exports

Sign up now and continue reading immediately