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China overtakes Japan in car exports

Asia / Engineering

The People's Republic of China in the first half of this year became the world's largest supplier of new cars to the world market.

China overtakes Japan in car exports

In the first half of this year, China overtook Japan to become the world's largest car exporter.

The Japan Automobile Manufacturers Association's latest tally shows that Japan's car exports are up 17% year-on-year to 2.02 million units in the first six months.

China shipped 2.34 million new vehicles overseas during the period, up 77% from a year earlier, according to the China Automobile Manufacturers Association.

At the same time, the value of China's vehicle exports rose 110% to $46.4 billion.

Chinese auto exports are driven by external demand for electrified vehicles, including electric vehicles and hybrids.

In 2022, with car exports up 54% to 3.1 million units, China displaced Germany as the world's second largest car exporter.

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