China to become the world's largest automobile exporter in 2023

Tue, 06 May 2025

China to become the world's largest automobile exporter in 2023

Xinhua
17 Nov 2023, 16:48 GMT+10

China to become the world's largest automobile exporter in 2023

GUANGZHOU, Nov. 17 (Xinhua) -- China is certain to become the world's largest automobile exporter this year, as its auto exports in the first 10 months hit 3.9 million units, an official with the China Council for the Promotion of International Trade said here Friday.

Wang Xia, head of the council's automotive sub-council, made the remarks at the 21st Guangzhou International Automobile Exhibition that opened on Friday.

China's automobile industry has taken a solid step toward internationalization, despite a complex and grave international environment, Wang said.

In the first quarter, China exported 1.07 million vehicles, surpassing Japan for the first time to become the world's largest automobile exporter. In the first 10 months, the export volume registered a year-on-year growth of 59.7 percent to 3.92 million units.

The per vehicle export price has also grown to 137,000 yuan (about 19,100 U.S. dollars) in the first three quarters of 2023 from 85,000 yuan in 2014.

"In 2001, the export value of China's automobile industry chain was only 1.56 billion U.S. dollars, taking up a global share of just 0.65 percent. In the first eight months of this year, this figure neared 122 billion dollars, accounting for 5.5 percent of the global total," Wang noted.

With the landing of a series of policies to stabilize the economy and promote consumption, and the gradual recovery of consumer confidence, China's automobile market will embrace new space of growth, Wang added.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.

More Information

null in null

Asia Pacific

Section

Toyota partners with Waymo to advance self-driving car tech

Toyota, Waymo explore collaboration to speed up self-driving tech

TOKYO, Japan: Toyota is taking a fresh step toward autonomous driving by teaming up with Waymo to co-develop new vehicle platforms...

China's factory activity shrinks at fastest pace in over a year

China's factory activity falls sharply as Trump tariffs bite

BEIJING, China: China's manufacturing sector lost steam in April, with activity shrinking at the fastest pace in over a year, as new...

Australian police and partners smashing drug cartels

Australia's Global Police Collaboration Cracks Major Crimes

Every day, police across Australia investigate thousands of incidents—any one of which could unlock a major case on the other side...

Australia inflation hits 3-year low, boosting rate cut hopes

Australia's core inflation slows to 3-year low in Q1

SYDNEY, Australia: A key measure of inflation in Australia has cooled to its lowest level in three years, lending weight to expectations...

Hong Kong home prices fall for fourth month despite stimulus

Hong Kong home prices fall for fourth month in March

HONG KONG: Hong Kong's housing market continued to lose ground in March, with home prices falling for a fourth straight month despite...

China’s top airlines report deeper Q1 losses amid trade tensions

China's largest airlines see losses in Q1 from competition, US tariffs

BEIJING, China: China's top airlines are still grounded in red ink, reporting steeper losses for the first quarter as they battle fierce...

Business

Section

Toyota partners with Waymo to advance self-driving car tech

Toyota, Waymo explore collaboration to speed up self-driving tech

TOKYO, Japan: Toyota is taking a fresh step toward autonomous driving by teaming up with Waymo to co-develop new vehicle platforms...

U.S. stocks finish with modest losses Monday

Dow Jones drops 99 points in lackluster day on Wall Street

NEW YORK, New York - U.S. stocks were volatile Monday as the focus remained on tariffs, and the perceived lack of trade deals despite...

Amazon expands rural delivery network by investing $4 billion

Amazon to invest $4 billion to expand rural delivery network in US

SEATTLE, Washington: Amazon.com is ramping up its delivery game in rural America, announcing a US$4 billion investment to grow its...

Starbucks boosts staffing, slows automation push

Starbucks to beef up store staffing, go slow on automation rollout

SEATTLE, Washington: Starbucks is shifting course on its store strategy—putting people ahead of machines. The coffee giant announced...

China's factory activity shrinks at fastest pace in over a year

China's factory activity falls sharply as Trump tariffs bite

BEIJING, China: China's manufacturing sector lost steam in April, with activity shrinking at the fastest pace in over a year, as new...

Australia inflation hits 3-year low, boosting rate cut hopes

Australia's core inflation slows to 3-year low in Q1

SYDNEY, Australia: A key measure of inflation in Australia has cooled to its lowest level in three years, lending weight to expectations...

Movie Review

Greta