Shifting gears: China exports 4.91M cars in 2023, overtaking Japan's 4.42M

BYD Seal
(Photo: BYD)
TOKYO — According to data published by the Japan Automobile Manufacturers Association (JAMA) on Wednesday, China surpassed Japan as the world’s largest car exporter last year, thanks to its fleet of electric vehicle manufacturers. اضافة اعلان

JAMA stated that Japanese companies exported 4.42 million cars, trucks, and buses in 2023, a 16 percent rise over 2022, Al-Mamlaka TV reported.

In contrast, Chinese automobile exports reached 4.91 million units last year, a 57.9 percent rise over 2022, according to the China Association of Automobile Manufacturers (CAAM), and 5.22 million units according to Chinese customs, a 57 percent increase.

However, China's lead over Japan is still relative, as Japanese companies produce twice as many vehicles in overseas factories, 17 million units in 2022 to be exact. In contrast, Chinese corporations have only a few factories outside.

China is likely to make bigger advancements in this area, as BYD Auto, the world's biggest electric vehicle (EVs) producer, surpassed Tesla in the fourth quarter of 2023 and is rapidly expanding its manufacturing worldwide.

BYD Auto stated at the end of December 2023 that it was establishing a factory in Hungary to target the European market, and it has comparable initiatives in other regions of the world, including Southeast Asia and Brazil.

Read more Region and World
Jordan News