China’s auto export set to exceed 5 million in 2023
Wednesday, 25 October 2023
According to Canalys latest estimates, China’s automobile export volume reached 2.3 million units in the first half of 2023, extending its first-quarter dominance, and maintaining its position as the world’s largest automobile exporting nation. China’s automobile exports are expected to sustain growth momentum for the rest of the year, resulting in China becoming the largest automobile exporter globally in 2023. Underpinned by product and technological advantages and driven by increased investments by Chinese carmakers in various aspects such as channels, R&D, and product localization, EVs are expected to continue to be the core driver of China’s automobile export growth. Canalys forecasts the export volume of Chinese vehicles to reach 5.4 million units in 2023, with EVs taking up 40% to reach 2.2 million units.……
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[https://www.canalys.com/newsroom/china-auto-export-in-2023](https://www.canalys.com/newsroom/china-auto-export-in-2023)
by Grand-Palpitation823