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China's Automobile Exports Surge

China’s Automobile Exports Surge by 47.4 Percent in January 2024, New-Energy Vehicle Exports Show Robust Growth

Beijing, February 20, 2024, The Europe Today: China’s automobile exports experienced a substantial surge, marking a remarkable 47.4 percent year-on-year increase in January 2024, according to data released by the China Association of Automobile Manufacturers (CAAM). The nation exported a total of 443,000 vehicles during this period, underscoring the resilience and strength of China’s automotive industry on the global stage.

The breakdown of the figures reveals a robust performance in both passenger and commercial vehicle segments. Passenger vehicle exports reached 369,000 units, showcasing a significant 47.5 percent increase compared to the same period in the previous year. Additionally, commercial vehicle exports rose by 46.9 percent year-on-year, totaling 74,000 units.

Notably, China’s new-energy vehicle (NEV) exports displayed an upward trajectory, witnessing a notable 21.7 percent increase on a yearly basis. The data indicated that 101,000 NEVs were exported in January, emphasizing the growing global demand for environmentally friendly automotive solutions.

The surge in automobile exports reflects China’s continued commitment to maintaining a strong presence in the international automotive market. The robust performance across various vehicle segments, including the growth in new-energy vehicle exports, highlights the country’s dedication to innovation and sustainability in the automotive sector.