China Surpasses Japan as Leading Car Exporter

May 24, 2023 14:12:18

China took the largest car exporter position in the world after it surpassed Japan during the first quarter of 2023. This increase is due to its rising electric vehicle sales and the opportunity to keep doing business with Russia. According to official numbers that were released a week ago, China shipped more than 1 million automobiles in the first three months of this year, showing an increase of 58%, which is in contrast to what was shipped during the same period of last year. Japan shipped 950,000 automobiles in 2022.

Even though Japan lost the number one position to China, the number of automobiles exported by Japan during the first quarter of 2023 was a…

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