China has overthrown Japan as the world’s largest car exporter, another sign of the staggering rise of the country’s auto market.
The country sent more than 3.8 million vehicles overseas in 2023, according to the China Passenger Car Association, a 62% increase from the previous year, while Japanese automakers exported 3.5 million cars during the same time period, customs data shows. Both sets of data exclude figures for second-hand cars.