China surpassed Japan in the first half of the year to become the worlds largest

After the first quarter of this year, China ’s automobile exports continued to increase. In the first half of the year, it surpassed Japan to become the world’ s largest car exporter.

According to Caixin.com reported on Wednesday (August 9), the Japan Automobile Industry Association released data that Japan exported a total of 2.023 million vehicles in the first half of 2023; data from the General Administration of Customs of China showed that the same period of China AutomobileExit 2.341 million vehicles.

It is reported that before 2021, China's annual exports remained at about 1 million vehicles for ten years.In the past three years, China's automobile exports have increased significantly.The export volume in 2021 doubled to 2015,000, and in 2022 reached 3.111 million units.The industry is generally expected that the number of exports in 2023 is expected to cross the 4 million mark to surpass Japan.

Reporting analysis, breakthroughs in Chinese automobile exports are multiple factor promoting results.After the outbreak of the coronary disease in 2020, the shortage of chips limited the production of automobiles.However, Chinese car companies are more flexible, and they are less affected by chip shortages.At the same time, the Chinese automobile market is fiercely competitive, and car companies have sought out to sea and undertake market space for transnational car companies.

The main force of Chinese automobile exports is new energy vehicles. The destination is concentrated in Western Europe and Southeast Asia. Among them, the top three countries are Belgium, Britain and Thailand.

China's fuel vehicles are mainly exported to developing countries and regions, of which Russia is a source of market increasing market.According to data from the China Automobile Industry Association, in the first five months of 2023, China exported 287,000 cars to Russia, and Russia was China's largest car export destination.

Among Chinese car companies, SAIC Group's automobile export volume ranks first.SAIC Group revealed in July that it will build an electric vehicle factory in the European site.

In addition, Geely Motors also acquired or invested in Volvo, Baoto, British taxi, Daimler and other car companies to explore the way to go to sea.