According to data from China’s General Administration of Customs, in the first quarter of this year, China exported 1.07 million vehicles, a 58% increase compared to the same period in 2022, becoming the world’s largest exporter of cars, surpassing Japan. In contrast, Japan exported 954,185 vehicles, an increase of 6% from the previous year.
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In 2022, China exported 3.2 million cars, more than Germany’s 2.6 million vehicle exports, and this number was boosted by increased demand for electric vehicles and sales to Russia.
Last year, the Chinese automotive industry’s market share in Russia rose dramatically, with the likes of Geely, Chery, and Great Wall experiencing substantial expansion after competitors such as Volkswagen and Toyota withdrew from the market.
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