China set to become world's largest car maker
China will be the largest car exporter for the first time. In the first quarter of 2023, it overtook Japan and Germany. Chinese companies exported over 1.06 million vehicles in the first three months of 2023. Japan exported 1.05 million. China's car industry has advanced a lot. Throughout the 2010s, it produced around a million cars a year. China will quadruple production from four years ago to be the world's largest car exporter. |