China Association of Automobile Manufacturers today (11) released data show that in 2023, China's auto production and sales for the first time both exceeded 30 million units, a record high, of which 4.91 million units were exported, and is expected to become the world's first auto exporter.

In 2023, China's automobile production and sales were completed 30.161 million units and 30.094 million units, an increase of 11.6 per cent and 12 per cent year-on-year, of which, 4.91 million units of automobile exports, an increase of 58 per cent year-on-year. 2022, China became the world's second largest auto exporter.

New energy vehicles have become an important growth point in China's automotive industry, and the export drive is obvious, China's new energy vehicle exports 1.203 million units, an increase of 77.6 per cent year-on-year. in the fourth quarter of 2023, China's own brand BYD, to become the world's largest manufacturer of pure electric vehicles.

At present, China has formed the Yangtze River Delta, Pearl River Delta, Chengdu-Chongqing and other large new energy automobile industry clusters, gathering more than 1,000 domestic and foreign enterprises, the establishment of a structural integrity, organic synergies of the new energy automobile industry chain supply chain system, covering the basic materials, parts and components, the entire chain of vehicles, etc., China has become the largest producer of drive motors, the power battery patents applied for by China accounted for 74% of the world.2023 In 2023, among the top ten enterprises in the global power battery installed capacity, Chinese enterprises occupy six seats, with a market share of more than 60%.