Even surpassing Japan and Germany, China may become the largest automobile exporter

Even surpassing Japan and Germany, China may become the largest automobile exporter

Data from the China Association of Automobile Manufacturers shows that from January to October 2023, China's cumulative automobile exports reached 3.9 million units, with automobile exports growing rapidly year-on-year.

Yonhap News Agency reported that if the export volume in the remaining two months maintains the October level, China's cumulative related exports in 2023 are expected to surpass Japan, becoming the world's largest automobile exporter for the first time.

A report released by a German research institution shows that from January to September this year, Chinese manufacturers sold a total of 3.4 million cars abroad, and exports have exceeded Japan and Germany, growing rapidly. Among them, electric vehicles accounted for 24% of exported vehicles, more than double last year.

The report said that from January to September, Japanese manufacturers exported 3.2 million vehicles and German manufacturers 2.4 million vehicles. China's automobile export volume has previously surpassed Germany in 2022, and now it has surpassed Japan, another automobile exporting country.

In recent years, China's automobile exports have experienced rapid development. Not only has the export volume exceeded the 2 million and 3 million mark in succession, but the price of a single vehicle has also increased significantly, from 85,000 yuan in 2018 to 122,000 yuan in 2022. Export areas have also gradually expanded to developed regional markets such as Europe and North America.

Data shows that Chinese brands accounted for 8% of the EU electric vehicle market in 2022, and it is expected that this proportion may increase to 15% by 2025.

Wang Xia, chairman of the Automobile Industry Branch of the China Council for the Promotion of International Trade, said that the reason why Chinese cars are welcomed by more and more overseas consumers is because they feel the comparative advantages of Chinese cars in electrification and intelligence.

Automobiles are a category with relatively strict export requirements. As export volume increases, the requirements for logistics platforms for cross-border transportation are also getting higher and higher. Cross-port logistics platforms achieve precise transportation control and ensure cargo transportation through customized logistics solutions. Safety.