In the first two months of this year, China’s auto exports recorded remarkable growth. It is an increase of 30% compared to the corresponding period last year.
The China Automobile Industry Association said this yesterday (11).
According to data released by the association, China’s vehicle export volume in the two months of January and February is 822,000, which is a 30.5% increase over last year. It also includes 182 000 new energy vehicles. It is a growth of 7.5% compared to the corresponding period last year. Also, exports of conventional fuel vehicles totaled 640,000, a growth of 39%.
The competition of Chinese automobiles as well as overseas market demand continues to expand. The China Association of Automotive Industries claims that China’s automobile exports will maintain rapid growth in 2024 with the development of international economic and trade conditions. It is also estimated that the growth rate will be around 20%.