BEIJING: China’s automobile industry has set a new record, with both production and sales exceeding 30 million units for the first time, according to data released by the China Association of Automobile Manufacturers (CAAM) on Thursday. With exports making up 4.91 million units, up 58 percent from the previous year, China is poised to become the world’s top automobile exporter.
In 2022, China became the world’s second-largest automobile exporter. The industry continues to show robust growth in 2023, seeing a year-on-year growth of 11.6 percent in production and 12 percent in sales. With a broadening global reach, Chinese automobiles are now exported to over 200 countries and regions.
“China’s automobile exports grew from one to one million units over 55 years. By 2021, exports exceeded 2 million units, and by 2023, they approached nearly 5 million units,” said Fu Bingfeng, executive vice president and secretary general of the CAAM.
“These milestones signify China’s automobile industry’s shift towards electrification and intelligence, which accelerated the transformation of the global automobile industry,” he said.
China’s automobile manufacturing industry has developed for 70 years. It began in 1953 with the establishment of China’s first automotive manufacturing plant and predecessor of FAW Group in Changchun city in northeast China’s Jilin Province, marking the inception of its auto industry. –The Daily Mail-CGTN News exchange item
