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China overtakes Germany to become the second largest auto exporter after Japan

The market share of domestic cars in the domestic market continues to climb, and now, independent brands have gone abroad to lay out overseas markets, which has also led to the growth of China’s auto exports. 29 September, according to reports: 2021, China’s auto exports 2.015 million units, up 101% year-on-year, global ranking after Japan’s 3.82 million units and Germany’s 2.3 million units, surpassing South Korea in third place.

From January to August this year, China exported a total of 1.91 million vehicles, up 47.5% year-on-year, overtaking Germany to become the world’s second-largest auto exporter, second only to Japan.

The exported vehicles, especially new energy vehicles, achieved a breakthrough of 340,000 units exported in January-August, up 97.4% year-on-year, becoming a new driving force for growth at sea.

CCA data show that in 2020, China’s new energy vehicle exports nearly 70,000 units, accounting for 7% of the total number of automotive exports; in 2021, 310,000 new energy vehicle exports, accounting for 15.38%; and in the first half of this year, new energy vehicle exports 202,000 units, accounting for 16.6%.

Among them, Tesla has a larger share in China’s new energy vehicle exports, with exports of about 160,000 units in 2021, contributing to half of China’s annual exports of new energy vehicles. However, even if we take out the Tesla export volume, the export volume in 2021 still doubled on the basis of 2020, and the growth rate is still obvious.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.
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