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.