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China's auto industry witnesses high-quality growth
  ·  2023-08-11  ·   Source: Xinhua News Agency

The five millionth new energy vehicle (NEV) produced by China's leading NEV manufacturer BYD rolled off the production line on August 9.

China has been the world's largest automobile production and sales country for 14 consecutive years, and the production and sales of new energy vehicles (NEVs) topped the global market for the eighth year in a row.

Particularly, China's vehicle exports soared to around 1.07 million units in the first quarter of 2023, data from the General Administration of Customs showed, indicating that China had become the world's largest auto exporter in the period, even outpacing Japan.

NEVs are a highlight of China's vehicle exports. According to data from the China Association of Automobile Manufacturers, Chinese auto manufacturers exported 457,000 units of NEVs from January to May this year, an increase of 1.6 times over the same period last year.

Since 2020, China's electric car manufacturers have begun to enter the overseas mainstream automobile markets and become more competitive relying on their original technologies and targeted market strategies.

 

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