China overtakes Japan as world’s biggest exporter of new cars in first quarter

As new electric vehicles become more competitive, Chinese-branded cars are gaining popularity in the global market. China overtook Japan to become the world’s biggest exporter of new vehicles in the first quarter, a remarkable feat.

According to China Association of Automobile Manufacturers, local automakers exported 994,000 cars in the first quarter, up 70% year on year. This surpassed Japan’s exports of 954,000 cars, a relatively moderate 6% year-on-year increase.

It’s worth noting that China continued its strong momentum in April, shipping 376,000 cars, an impressive 170% year-over-year increase.

In terms of individual manufacturers, SAIC is the largest exporter with 231,000 cars, followed by Chery with 172,000. Tesla came in third with 92,000 vehicles, while Changan and Geely exported 90,000 and 53,000 vehicles, respectively.

According to data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, Russia, the United States, Mexico, the United Kingdom, Belgium, Japan, Australia, Germany, the United Arab Emirates and South Korea are the top ten countries for the first quarter of 2023. In terms of the value of China’s auto exports in .

Also read: Samsung sets up special group to focus on electric vehicle research

In the Russian car market, Chinese brands have replaced Western names against the backdrop of the war between Russia and Ukraine. In the first quarter, the cumulative sales of Chinese cars in Russia reached 66,000 units, an astonishing 42.5% market share. Six Chinese companies topped the top 10 sales list, establishing Russia as China’s biggest consumer of exported cars.

Due to the increasing competition of new energy vehicles, Chinese brand cars are gaining significant momentum in the ever-expanding global market. In the first quarter, China overtook Japan to become the world’s leading exporter of new cars. China’s euphoria continued in April, with exports surging 170% year-on-year, with local automakers shipping nearly 1 million vehicles, an unprecedented 70% year-on-year growth. SAIC, Chery and Tesla were the top exporters, with Russia, the United States and Mexico being among the top destinations for Chinese vehicle exports.

In addition, as the ongoing turmoil in the Russian car market has resulted in Chinese brands displacing foreign names, Russia is the top buyer of cars exported from China, which has cemented China’s position as a major player in the global automotive sector. strengthened its position.

As new electric vehicles become more competitive, Chinese-branded cars are gaining popularity in the global market. China overtook Japan to become the world’s biggest exporter of new vehicles in the first quarter, a remarkable feat.

According to China Association of Automobile Manufacturers, local automakers exported 994,000 cars in the first quarter, up 70% year on year. This surpassed Japan’s exports of 954,000 cars, a relatively moderate 6% year-on-year increase.

It’s worth noting that China continued its strong momentum in April, shipping 376,000 cars, an impressive 170% year-over-year increase.

In terms of individual manufacturers, SAIC is the largest exporter with 231,000 cars, followed by Chery with 172,000. Tesla came in third with 92,000 vehicles, while Changan and Geely exported 90,000 and 53,000 vehicles, respectively.

According to data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, Russia, the United States, Mexico, the United Kingdom, Belgium, Japan, Australia, Germany, the United Arab Emirates and South Korea are the top ten countries for the first quarter of 2023. In terms of the value of China’s auto exports in .

Also read: Samsung sets up special group to focus on electric vehicle research

In the Russian car market, Chinese brands have replaced Western names against the backdrop of the war between Russia and Ukraine. In the first quarter, the cumulative sales of Chinese cars in Russia reached 66,000 units, an astonishing 42.5% market share. Six Chinese companies topped the top 10 sales list, establishing Russia as China’s biggest consumer of exported cars.

Due to the increasing competition of new energy vehicles, Chinese brand cars are gaining significant momentum in the ever-expanding global market. In the first quarter, China overtook Japan to become the world’s leading exporter of new cars. China’s euphoria continued in April, with exports surging 170% year-on-year, with local automakers shipping nearly 1 million vehicles, an unprecedented 70% year-on-year growth. SAIC, Chery and Tesla were the top exporters, with Russia, the United States and Mexico being among the top destinations for Chinese vehicle exports.

In addition, as the ongoing turmoil in the Russian car market has resulted in Chinese brands displacing foreign names, Russia is the top buyer of cars exported from China, which has cemented China’s position as a major player in the global automotive sector. strengthened its position.