China Takes World Leadership in Automobile Exports

China Takes World Leadership in Automobile Export
China Takes World Leadership in Automobile Exports

According to the numerical data released by the research office called AlixPartners, China has become the number one automobile exporter in the world, especially thanks to the very high increase in automobiles exported to Russia.

In this context, Chinese automakers exported 1,07 million cars in the first three months of the current year, leaving the neighboring country Japan behind. In the first quarter of the year, 112 thousand vehicles were sent to Russia. This number is almost equal to the number of vehicles exported to this country in the whole of 2022. Chinese manufacturers have filled the vacuum after Western automakers have stopped exports to Russia since the war with Ukraine began.

On the other hand, experts predict that the market share of Chinese cars will also grow in Europe and the United States. The increase in exports of Chinese vehicles in these markets is expected to reach 2026 percent by 67.

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