Global leadership has shifted from Japan to China!
China has announced its new automobile export data for 2023. According to the released data, China has surpassed Japan in automobile exports.
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According to a statement from the China Passenger Car Association (CPCA), the number of new automobiles exported by the country reached 3.83 million in 2023.
Japan has not yet announced its total exports for the full year, but China has already exceeded Japan's 3.5 million exports recorded in the first 11 months.
The association projects that China's total automotive exports, which include motor and electric vehicles other than passenger cars, will reach 5.26 million units.
CHINA TO BECOME THE LEADER
Thus, the country will surpass Japan's estimated 4.3 million units in exports, reaching the leading position in this sector.
The year-end report from the China Association of Automobile Manufacturers (CAAM), which provides a broader picture of production, sales, and export figures in China's automotive sector, will be released tomorrow.