China becomes the giant car-exporter in the world, surpassing Japan

In the first 3 months of the year, China has become the world's leading exporter of cars overtaking Japan.

 

According to BBC reports, China has exported 1.07 million vehicles in the period, up 58 percent compared to the first quarter of 2022. While Japan's vehicle exportation stood at 954,185, after edging up 6 percent from a year earlier, China's exportation was boosted by demand for electric cars and sales to Russia. Last year (2022), China has even overtaken Germany becoming the world's second-largest car exporter.

 

According to China's General Administration of Customs, the BBC reported that compared to Germany's 2.6 million vehicle exports, the country exported 3.2 million vehicles in 2022.