China's Automobile Exports Hit Record, NEVs Lead the Surge
China's automobile exports reached a historic 4.91 million vehicles in 2023, bolstered by a staggering 77.6 percent increase in new energy vehicle (NEV) exports, totaling 1.203 million units. This surge, highlighted by the China Association of Automobile Manufacturers, underscores China's pivotal role in the global auto industry, with top manufacturers like SAIC Motor Group and BYD Co., Ltd. driving the momentum.