China’s automotive export market has been expanding rapidly in recent years. According to the China Association of Automobile Manufacturers (CAAM), China’s auto exports reached 3.2 million units in 2023, a 20% year-on-year increase. New energy vehicles (NEVs) play a key role in this growth, with NEV exports rising by nearly 50% to exceed 500,000 units, accounting for more than 15% of total exports.
Thanks to technological innovation and cost advantages, Chinese automakers are gaining influence in global markets. Brands like BYD and Great Wall Motors are expanding their presence not only in Europe but also in Southeast Asia and Africa. Leveraging EV and smart technology, Chinese automakers are becoming key players in the global automotive industry.
By 2025, China’s NEV exports are projected to surpass 1 million units, making China a crucial global supplier of NEVs. With the increasing global demand for new energy and smart vehicles, China’s auto exports are expected to continue their rapid growth, driving the transformation and upgrade of the global automotive industry.
