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China is the new WORLD LEADER in VEHICLE EXPORTS
According to data from the first quarter of 2023, China overtook Japan and became the world's leading vehicle exporter.
Exports are mainly linked to electric vehicles, but not only them, Russia has tripled the number of imports of new vehicles from China. These range from compact and economy cars to luxury and high performance vehicles.
The car market is growing more and more in the world, and China's exports to the European Union are also on the rise, further leveraging the Chinese economy.
In the case of Brazil, BYD and GWM Great Wall Motors have already announced that they will produce in the country and no longer import from China.
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