5.22 million vehicles shipped, valued at $101.6 billion
According to the China Customs Service, automobile exports from China in 2023 exceeded 5.22 million units (+57% YoY) worth $101.6 billion (+69%), beating historical records. Cars from Chinese brands are exported to more than 200 countries and regions around the world.
Cruising range of 29,200 km and 7,000 cars on board. The first BYD vessel has been delivered to the customer and is ready for operation
Japanese car exports totaled 3.99 million vehicles from January to November, up 15% year-on-year. Annual exports in 2023 are expected to be around 4.3 million vehicles. In 2023, China's auto exports will exceed second-ranked Japan's auto exports by nearly 1 million units.
China's automobile supply chain is stable and production costs are lower, which are the main reasons for the increase in China's automobile exports to Australia, Europe and Southeast Asia. These regions are the main markets for export sales of Chinese automobile companies.
In 2023, the export of internal combustion engine vehicles from China is expected to amount to about 3.52 million units, an increase of 54%. Exports of electric vehicles totaled 1.7 million units, an increase of 57%.
As for exporting companies, the top 10 companies include Chery Automobile with 922,830 units, SAIC Passenger Cars with 685,018 units, Tesla China with 344,078 units, Geely Automobile with 274,101 units. , Great Wall Motors with 267,756 units, BYD Automobile with 242,765 units, Changan with 191,917 units, Wuling with 184,935 units