Shipments of automobiles from China to international markets topped 2.5 million units in 2022, making it the world’s third biggest exporter of cars, Bloomberg reported earlier this week, citing data from the China Passenger Car Association.
China’s numbers came in behind Japan and Germany, but ahead of the USA and South Korea, signaling the emergence of a strong challenger to the established auto-making giants. Overseas shipments of domestically made cars have tripled over the past 3 years.
Chinese brands are currently among the best-selling in the Middle East and Latin America.
In Europe, electric models from Tesla and Chinese-owned former European brands (as well as European brands such as Dacia Spring and the BMW iX3) account for most Chinese-made automobiles.
A wide range of homegrown brands such as BYD and Nio have gained in popularity as well. Backed by Warren Buffett’s Berkshire Hathaway, BYD has been winning markets in developed countries such as Australia with its electric vehicles.
According to separate data released by the China Association of Automobile Manufacturers (CAAM), China’s mainland exports of vehicles saw an enormous year-on-year surge of 54.4%, and amounted to 3.11 million units in 2022 – making it the world’s second-largest car exporter after Japan.
Japanese automakers shipped 3.2 million vehicles to international markets in the first 11 months of 2022, almost unchanged from a year earlier, according to MarkLines, an auto industry data provider.
Meanwhile, Germany sold 2.61 million cars last year, marking a 10% surge year-over-year, according to the German Association of the Automotive Industry (VDA).
RT. com / ABC Flash Point News 2023.
Russian cheap energy has made production in China even less expensive, so expect to see them dominate the car market very soon. Meanwhile in the EU they are scouring the world looking to buy expensive LPG gas in tankers to keep their industry going, at great cost. The had cheap Russian energy, but they literally blew it.
Do not worry West will figure out how to stop the China industry by sanctions, security reasons or heavy duty. Always same story.
Krzysztof Borkowski, Have you ever tried to stop an oncoming freight train?
A country which is rich with thousand of years history who keep promoting equal trade, peace, prosperity and mutual respect is a true superpower nation.