OTODIVA – At the beginning of the year 2023, China has finally officially replaced Japan as the largest car exporter in the world. This achievement is the success of the bamboo curtain country's automotive industry which has begun to grow since 2018 2010.
Quoted from BBC, in the first quarter 2023, China has succeeded in exporting 1,07 million cars worldwide. This figure is increasing 58% compared to the same period in the year 2022. Meanwhile at the same time, Japan is only able to export approx 954.815 cars all over the world. Only increased 6% from the same period in the year 2022.
In the year of 2022 Then, Germany has also surpassed China to become the second largest car exporter. According to GACC (General Administration of Customs of China), their country managed to close last year by exporting 3,2 million cars. Meanwhile Germany 'only' sends 2,6 million cars to various corners of the world.
Tesla Factory Makes China Largest Car Exporter
China's success in increasing car production at the beginning of the year 2023 cannot be separated from the global car industry policy which is starting to switch from fossil resources to electric batteries or NEVs (New Energy Vehicles). This electric car then became the main reason China succeeded in overtaking the two big countries in the automotive industry.
Tesla's decision to open a large 'Gigafactory' factory in China is another factor in increasing car production (electricity) of China. This company owned by Elon Musk is already targeting to produce 1,25 million units of cars per year. This has not yet reached the factory's maximum production quota.
Russia is the largest market share for China and its electric cars. Even though there is a war with Ukraine, However, demand for electric cars in the country continues to increase every year. Apart from that, there are still Japanese and European markets that are starting to switch to cars with renewable energy.
