Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China's auto exports cruising in top gear !

China's auto exports cruising in top gear

Time:2024-05-21 23:56:44 source:Global Gist news portal

China's auto exports maintained fast growth momentum, with a year-on-year increase of more than 30 percent during the first two months of this year, data from the China Association of Automobile Manufacturers showed Monday.

Total auto exports amounted to 822,000 units during the January-February period, up 30.5 percent year-on-year. In breakdown, 686,000 passenger vehicles were exported, surging 31.5 percent year-on-year, while the exports of commercial vehicles rose 25.9 percent to 136,000 units.

China's new energy vehicle exports increased 7.5 percent to 182,000 units, while the exports of traditional fuels cars went up 39 percent to 640,000 units.

Among the top 10 automakers by vehicle exports, Chery took the crown with 169,000 units. While BYD reported the fastest growth rate, with 60,000 vehicles exported in the first two months, up 1.1 times on a yearly basis, followed by Great Wall Motors (91.9 percent) and Changan Auto (86.8 percent).

China's auto exports has extended its growth momentum so far this year, the association said, adding the country's automobile sector has gradually showed its strong competitiveness in the global market in terms of technical innovation, cost control, and market layout.

According to the Ministry of Industry and Information Technology, China's export of automobiles rose 57.9 percent to 4.91 million units in 2023, ranking No 1 worldwide for the first time.

China's auto product competitiveness improve continuously, with increasing demand from overseas markets, Xu Haidong, vice-chief engineer of the China Association of Automobile Manufacturers, told CCTV. With development of the international economic and trade situation, China's auto exports are expected to grow about 20 percent this year, Xu predicted.

Related information
  • Amtrak train hits pickup truck in upstate New York, 3 dead including child
  • Steve Sloan, former coach and national title
  • Giants quarterback Daniel Jones hopes to be ready for the start of training camp
  • Shanghai to build complete care system for children with autism by 2027
  • France is trying Syrian ex
  • Married teacher caught naked in car with male student, 17, is the wife of Harvard
  • Prominent New York church, sued for gender bias, moves forward with male pastor candidate
  • Former New Mexico football player convicted of robbing a postal carrier
Recommended content
  • Jennifer Garner visits ex
  • Sports betting roundup: Scottie Scheffler was a popular pick at the Masters, and then he won
  • Royals catcher Salvador Perez sidelined by mild groin strain
  • Junta shelling, airstrikes kill 25 Rohingyas in Myanmar’s Rakhine state — Radio Free Asia
  • Judge orders man accused of opening fire outside Wrigley Field held without bail
  • NBA attendance: League says 71% of games this season were sellouts