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Russia accounted for 40% of Chinese car export growth in 2023 — WSJ

Chinese car exports surged to a record high level owing to the Russian market, making it possible for China to outpace Japan as the top global vehicle exporter, WSJ reported

NEW YORK, January 9. /TASS/. Russia accounted for about 800,000 from two million of Chinese cars export growth in 2023, The Wall Street Journal (WSJ) said, citing Cui Dongshu, Secretary General of the China Passenger Car Association.

Deliveries to the Russian market soared fivefold against a year earlier, Cui said. According to the assessment of the Secretary General, Chinese automaker Chery became the country’s top exporter also owing to booming sales in the Russian market. Chery’s figures outpaced exports of US Tesla and Chinese BYD electric cars, he added.

Chinese car exports surged to a record high level owing to the Russian market, making it possible for China to outpace Japan as the top global vehicle exporter, WSJ reported. According to the Association’s data, China sold about 5.26 mln cars overseas, almost a million more than total Japanese car exports in January - November 2023.

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