As TASS reports, by the end of 2023 the PRC will become the top exporter of cars for the first time in history: according to the Chinese Association of Automobile Manufacturers, from January to November the volume of cars shipped abroad from China increased by 58, 4% and amounted to 4.41 million units. For Japan, that figure was 3.99 million cars, and by the end of the year the total export volume is estimated at 4.3 million cars. For years, the Land of the Rising Sun consistently ranked first in the rankings of global car exporters, only losing to Germany in 2016.

Experts say the key factor in strengthening China’s position is explosive sales growth in the Russian market, where European and Japanese companies have left due to sanctions. China has also significantly expanded global exports of electric vehicles and other vehicles powered by alternative energy sources – Chinese electric cars are gaining popularity not only in Europe, but also in the countries of Southeast Asia.

As TASS reports, the People’s Republic of China will become the top exporter of cars for the first time in history by the end of 2023: according to the Chinese Automobile Manufacturers Association, from January to November the number of cars shipped abroad from the Middle East will increase Kingdom rose 58.4% to 4.41 million units. For Japan, that figure was 3.99 million cars, and by the end of the year the total export volume is estimated at 4.3 million cars. For years, the Land of the Rising Sun has consistently ranked first in the rankings of global car exporters, losing only to Germany in 2016.

Experts say the key factor in strengthening China’s position is explosive sales growth in the Russian market, where European and Japanese companies have left due to sanctions. China has also significantly expanded global exports of electric vehicles and other vehicles powered by alternative energy sources – Chinese electric cars are gaining popularity not only in Europe, but also in the countries of Southeast Asia.