China overtakes Germany in car exports

China’s car exports increased by 54.4 percent to 3.11 million vehicles in 2022, according to data from the China Association of Automobile Manufacturers (CAAM). This means the People’s Republic has overtaken Germany to become the world’s second-largest car exporter behind Japan. According to the report, exports of commercial vehicles increased by 44.9 percent to 582,000 units compared to 2021. Exports of EVs and New Energy Vehicles (NEVs) increased 1.2-fold year-on-year to 679,000 units.