China surpassed Japan during 2023 in vehicle exports, with an average of 4.91 million units on the global market.
Automotive sector production continued to grow over the past year, causing China to surpass Japan’s exports, which reached 4.2 million vehicles during the same period.
It is important to note that “Chinese customs calculated a higher figure of 5.22 million, which represents a strong year-on-year increase of 57 %.” Likewise, Japanese Toyota’s car production exceeds volumes in other countries.
Meanwhile, China continues to advance in scenarios related to the automotive sector with firm steps. In fact, the Chinese company BYD has this month displaced “Tesla as the largest seller of electric vehicles, thanks in part to strong government support for the sector.”
In addition, the Asian country successfully maintains the production of electric models, despite some setbacks related to alleged anti-competitive practices, according to arguments coming from the West.
M.Pino
Source: swissinfo
(Main reference image: Unsplash+, in collaboration with Getty Images)
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