• 29.08.2024

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China’s Car Exports Soar to 4.91 Million Units in 2023, New Energy Cars Lead Growth

Jan 22, 2024

According to the China Association of Automobile Manufacturers, China’s car exports reached a new high in 2023, totaling 4.91 million units, a 57.9% increase year-on-year.

China's Car Exports Soar to 4.91 Million Units in 2023, New Energy Cars Lead Growth

The situation of IT Home is as follows: In 2023, 49.1 million cars were exported, an increase of 57.9% year-on-year. In December, car exports reached 49.9 million, an increase of 3.5% month-on-month and 54.3% year-on-year. In 2023, 41.4 million passenger cars were exported, an increase of 63.7% year-on-year. In December, passenger car exports reached 42.2 million, an increase of 3.7% month-on-month and 53.3% year-on-year. In 2023, 7.7 million commercial vehicles were exported, an increase of 32.2% year-on-year. In December, commercial vehicle exports reached 7.8 million, an increase of 2.5% month-on-month and 59.9% year-on-year. In 2023, 37.07 million traditional fuel cars were exported, an increase of 52.4% year-on-year. In December, traditional fuel car exports reached 38.8 million, an increase of 0.5% month-on-month and 60.3% year-on-year. In 2023, 12.03 million new energy cars were exported, an increase of 77.6% year-on-year. In December, new energy car exports reached 11.1 million, an increase of 15.2% month-on-month and 36.5% year-on-year.

China's Car Exports Soar to 4.91 Million Units in 2023, New Energy Cars Lead Growth

According to data released by the China Association of Automobile Manufacturers earlier this month, China’s car production and sales reached 30.161 million and 30.094 million respectively in 2023. The top ten car manufacturers in terms of sales in 2023 include SAIC Group, China FAW, BYD Co., Changan Automobile, GAC Group, Dongfeng Company, Geely Holding, Chery Holding, BAIC Group, and Great Wall Motors. The China Association of Automobile Manufacturers pointed out that compared with the previous year, BYD Co. and Chery Holding had a more significant increase in sales, while Geely Holding, BAIC Group, and Great Wall Motors also saw double-digit growth in sales. Changan Automobile, China FAW, and GAC Group saw a slight increase in sales, while sales of other companies decreased to varying degrees.