China is shifting into overdrive! In 2023, the Chinese mainland overtook Japan to become the world's largest exporter of automobiles. 🚗💨 According to China's General Administration of Customs in January, auto exports surged to a staggering 5.22 million vehicles, marking a whopping 57.4% increase from the previous year. 📈
What's fueling this massive growth? It's the rise of new energy vehicles (NEVs)! 🔋✨ Exports of NEVs skyrocketed by 77.6%, reaching over 1.2 million units last year. Pure electric vehicle exports zoomed ahead with an 80.9% increase, while hybrid models saw a 47.8% jump, as reported by the China Association of Automobile Manufacturers (CAAM). 🌿⚡
This electric surge isn't just about volume; prices are revving up too! As demand for cutting-edge NEVs grows worldwide, China's auto industry is not only selling more but also commanding higher prices. 💰🎉
The global market is buzzing as China's auto industry accelerates into the future, blending innovation with sustainability. Keep your eyes on the road—China's driving the next big thing in mobility! 🌍🚀
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Graphics: China's automobile export volume and price are both rising
cgtn.com
