According to the Wall Street Journal, it is estimated that 5,260,000 Chinese-made cars were sold abroad, especially to Russia, last year, and this is probably one million more than the exports of Japanese-made cars.
Publish dateWednesday 10 January 2024 - 11:49
Story Code : 283883
Afghan Voice Agency (AVA): According to this media report on Tuesday, (January 9th), the sales of Chinese cars outside this country reached a new record last year and surpassed Japan as the world's largest exporter. This represents a fundamental change for the world car industry.
While China is recognized as one of the world leaders in the production of electric vehicles, traditional cars with an internal combustion engine have been the main driver of the increase in Chinese sales abroad, especially the growing demand from Russia.
According to the report of the China Passenger Car Association, Chinese automakers have filled the vacuum caused by the withdrawal of Western automakers from Russia after the war in Ukraine, and sold at least five times more cars to Russia last year than the 160,000 cars they sold in 2022.
The association estimated on Tuesday that 5,260,000 Chinese-made cars were sold abroad last year, which it said was likely to be almost a million more than Japan's car exports.
According to the latest official information, Japan exported less than four million vehicles in the first 11 months of 2023.
The resilience of demand for internal combustion engine cars in countries such as Russia and Mexico has bolstered automakers with factories in China, which are grappling with the country's aggressive shift to electric vehicles. As demand for internal combustion engine cars declines, some automakers are shifting their focus to exports.
The next wave of Chinese exports will likely include more electric and hybrid vehicles.
China is now the top exporter of cars, having rapidly overtaken major competitors including Japan, Germany and South Korea over the past three years.
While China is recognized as one of the world leaders in the production of electric vehicles, traditional cars with an internal combustion engine have been the main driver of the increase in Chinese sales abroad, especially the growing demand from Russia.
According to the report of the China Passenger Car Association, Chinese automakers have filled the vacuum caused by the withdrawal of Western automakers from Russia after the war in Ukraine, and sold at least five times more cars to Russia last year than the 160,000 cars they sold in 2022.
The association estimated on Tuesday that 5,260,000 Chinese-made cars were sold abroad last year, which it said was likely to be almost a million more than Japan's car exports.
According to the latest official information, Japan exported less than four million vehicles in the first 11 months of 2023.
The resilience of demand for internal combustion engine cars in countries such as Russia and Mexico has bolstered automakers with factories in China, which are grappling with the country's aggressive shift to electric vehicles. As demand for internal combustion engine cars declines, some automakers are shifting their focus to exports.
The next wave of Chinese exports will likely include more electric and hybrid vehicles.
China is now the top exporter of cars, having rapidly overtaken major competitors including Japan, Germany and South Korea over the past three years.
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