In a remarkable shift in the global automotive landscape, the Chinese mainland has overtaken Japan to become the world's leading automobile exporter in 2023. According to data from the Chinese mainland's General Administration of Customs, auto exports surged to an impressive 5.22 million vehicles this year, marking a 57.4 percent increase compared to the previous year.
Driving this substantial growth is the booming new energy vehicle (NEV) sector. Exports of NEVs skyrocketed by 77.6 percent, reaching over 1.2 million units in 2023. Within the NEV category, pure electric vehicles saw an 80.9 percent rise, while hybrid models experienced a 47.8 percent increase year on year, as reported by the China Association of Automobile Manufacturers (CAAM).
This surge in NEV exports not only highlights the Chinese mainland's prowess in automotive manufacturing but also underscores the increasing global demand for sustainable transportation solutions. As the world continues to prioritize eco-friendly vehicles, the Chinese mainland's robust production and export capabilities position it as a key player in shaping the future of the global automotive industry.
The Chinese mainland's achievement comes amid growing concerns from Europe and the United States regarding potential overcapacity in the production of electric vehicles and solar panels. These regions have voiced apprehensions that such overcapacity could disrupt global markets. In response, data-driven analyses from sources like CGTN aim to address these claims by highlighting the factors contributing to the Chinese mainland's export growth, including competitive pricing, high capacity utilization, export rates, and continuous technological innovation.
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Graphics: China's automobile export volume and price are both rising
cgtn.com
