China is the world’s largest car exporter

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Earlier, Global Times also wrote, after China became the world’s largest car exporter in 2023 for the first time and its export volume reached 5.221 million units. , will probably maintain this rank in 2024.

The overall development of the automobile industry of this country was very impressive last year; Simultaneously with the increase in the volume of exports, the global reputation and recognition of Chinese cars has also clearly increased.

According to some estimates, the cost of producing Chinese new energy vehicles (NEVs) is on average 35% lower than similar cars produced in European countries or other major car producing countries.

The rapid growth of Chinese NEV exports is not only beneficial to global consumers looking for high-quality and cost-effective products, but also positively contributes to the global transition to green energy.

According to the Global Times, companies such as Volkswagen and Toyota are accelerating their cooperation in China, jointly helping to develop and apply electrification technologies.