China's Rise in Automobile Exports Outpaces Japan's

China's Rise in Automobile Exports Outpaces Japan's

After the meeting held recently, it was announced that Chinese cars were sold more than Japanese cars.

The announcement, made at a press conference on Tuesday, highlighted a significant jump in auto exports from China, with a record-breaking 62% increase to 3.83 million vehicles. This figure surpassed Japanese passenger car exports, which were 3.5 million in the first 11 months of the year, excluding second-hand vehicles.

It is estimated that total automobile exports from China in 2023 will reach 5.26 million units, worth approximately 10 billion dollars. In comparison, Japan's automobile exports are estimated to be approximately 4.3 million units for the same period.

These statistics underscore China's growing dominance of the global auto export market, especially with the rise of electric vehicle (EV) manufacturers such as BYD. In fact, BYD overtook Tesla Inc (NASDAQ:TSLA) as the world's leading seller of electric vehicles in the fourth quarter, with the majority of sales occurring in China.

While BYD, which is partly owned by Warren Buffett's Berkshire Hathaway (NYSE: BRKa), has made significant inroads in Southeast Asia and Europe, most of its deliveries remain in China, where it has been encouraging resellers. Despite BYD's expansion, Tesla maintains higher efficiency in China by selling more cars per store.

Comments powered by CComment

Author's Articles

Related Articles

Audi RSQ8 ABT’lendi

Tüm Detayları ile Yeni Audi S3 Sedan ve S3 Sportback

YouTube | Sertaç KEMİKSİZ

Every week, new videos on interesting topics are with you on our YouTube channel.

Meet The Team


Subscribe to our newsletter to never miss any new car news.

Get inspired every week

Follow us