China’s export of automobiles exceeded 3 million, reaching 3.111 million in 2022, an increase of 54.4% year on year, due to the shortage of overseas supply and the substantial increase in the export competitiveness of Chinese automobile enterprises, according to the data of the China Automobile Association.
China has surpassed Germany as the world’s second-largest auto exporter. Analysts said that China’s auto exports are also approaching Japan, and it may win the title of the world’s largest auto exporter in the next few years.
Regarding vehicle types, 2.529 million passenger cars were exported, up 56.7% year on year, and 582000 commercial vehicles were exported, up 44.9% year on year.
The export of new energy vehicles reached 679,000, up 120% year on year. Since 2021, China’s total export of automobiles exceeded 2 million for the first time, breaking the previous situation of hovering around one million vehicles and achieving a leapfrog breakthrough.
China has been the world’s largest auto market since 2009. However, China’s auto consumption market has long been dominated by foreign brands such as Volkswagen, General Motors, BMW, and Benz.
In the past two years, with the overall rise of domestic cars, local Chinese brands such as BYD and Geely have accelerated their efforts to seize the domestic market and promote them globally. Today, BYD is a leading brand in the domestic new energy vehicle market, and the joint venture brand is hard to catch up quickly.