Overtaking Japan, This Country Becomes World’s Largest Car Exporter in Q1 2023.

Author: Syakur Usman

Merdeka.com – Global automotive exporters are changing. China overtook Japan as the world’s largest auto exporter in the first quarter of 2023.

This change was due to the increase in demand for electric vehicles (EV) and the volume of exports to Russia.







According to the China Automobile Manufacturers Association, quoted by Nikkei Asia, yesterday, car sales for the January-March period this year increased by 58 percent from last year to 1.07 million units.

Meanwhile, Japanese car sales in the same period rose just 6 percent to 950,000 units, according to the Japan Automobile Manufacturers Association.

China’s car sales have continued to increase in the first quarter. Exports are expected to grow by 30 percent this year to 4 million units.

As of 2009, China has overtaken the United States as the auto market
the largest in the world. The Chinese government is supporting the growth of the domestic electric vehicle industry by providing purchase and tax incentives, as well as developing electric vehicle charging infrastructure.

The shift to EVs has fueled China’s rise to power as an auto exporter. First-quarter exports of new energy vehicles, including EVs, rose 93 percent year-on-year to 380,000 units. This new energy vehicle accounts for about 40 percent
China’s total exports.

The Tesla brand in China is the largest seller of new energy vehicles with a volume of 90,000 units. Followed by SAIC Motor with 50,000 units and BYD with 30,000 units.

©2022 Merdeka.com

Belgium, Australia and Thailand are the main export destinations for new cars made in China.

Interestingly, Thailand’s third market shows Chinese automakers using electric vehicles to build a market in Southeast Asia, a region that has so far been dominated by Japanese car brands.

Russia was the leading exporter in the first quarter of all cars made in China. Exports to Russia more than tripled from last year to 140,000 units.

This increase was mainly due to the closure of factories of Toyota Motor, Volkswagen and other international brands in Russia, following the Russian invasion of Ukraine in February 2022.

Chery Automobile and Great Wall Motor (GWM) in particular are expanding sales in Russia. For example, China exported nearly 30,000 trucks for Russian military use. About seven times compared to last year.

After Russia, the main export destinations for Chinese cars are Mexico, Belgium and Saudi Arabia.

At the same time, Tesla is setting up the Shanghai Giga Factory as a hub for exporting cars to Europe and Japan. Tesla’s first-quarter Chinese exports grew 20 percent.

The Shanghai Gigafactory has a capacity of 250,000 vehicles per year since it first started operating in 2019. Now, the factory has the capacity to produce 1.25 million units per year, and has applied for permission to increase the capacity to 1.75 million units.

Last year, exports from the Gigafactory reached 270,000 units. And last month, the Gigafactory began manufacturing the Tesla Model Y sport utility vehicle for the Canadian market.

Local reporter: Vallerie Dominic

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Thailand’s Main Export Market for China

©2022 Merdeka.com

Belgium, Australia and Thailand are the main export destinations for new cars made in China.

Interestingly, Thailand’s third market shows Chinese automakers using electric vehicles to build a market in Southeast Asia, a region that has so far been dominated by Japanese car brands.

Russia was the leading exporter in the first quarter of all cars made in China. Exports to Russia more than tripled from last year to 140,000 units.

This increase was mainly due to the closure of factories of Toyota Motor, Volkswagen and other international brands in Russia, following the Russian invasion of Ukraine in February 2022.

Chery Automobile and Great Wall Motor (GWM) in particular are expanding sales in Russia. For example, China exported nearly 30,000 trucks for Russian military use. About seven times compared to last year.

After Russia, the main export destinations for Chinese cars are Mexico, Belgium and Saudi Arabia.

At the same time, Tesla is setting up the Shanghai Giga Factory as a hub for exporting cars to Europe and Japan. Tesla’s first-quarter Chinese exports grew 20 percent.

The Shanghai Gigafactory has a capacity of 250,000 vehicles per year since it first started operating in 2019. Now, the factory has the capacity to produce 1.25 million units per year, and has applied for permission to increase the capacity to 1.75 million units.

Last year, exports from the Gigafactory reached 270,000 units. And last month, the Gigafactory began manufacturing the Tesla Model Y sport utility vehicle for the Canadian market.

Local reporter: Vallerie Dominic


(mdk/sya)

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