China's Automobile Exports Break a Record in 2023

According to data from the China Association of Automobile Manufacturers (CAAM), China's automobile exports increased by 2023 percent in 57,9, reaching a record-breaking 4,91 million vehicles, positioning the country on the path to becoming the world's largest automobile exporter.

According to CCTV, this figure indicates a significant increase after the country exported 2022 million vehicles in 3,11 and 2021 million vehicles in 2,02. While the exports of pure electric vehicles increased by 80,9 percent annually, the exports of hybrid vehicles increased by 47,8 percent.

According to CAAM data, total automobile sales increased by 2023 percent annually to 12 million units in 30,09, while production exceeded 2022 million units with an increase of 11,6 percent compared to the 30,16 level.