The Strategist

Bloomberg: China ranks third in cars shipments in 2022

01/30/2023 - 08:28

According to Bloomberg, China ranked among the top three cars-producing nations in the world last year. More than 2.5 million autos were exported from the country.
It enabled China to surpass Germany and Japan to become the third-largest vehicle exporter in the world.

Fourth and fifth on the list are American and South Korean manufacturers.

According to the agency, drivers in Latin America and the Middle East prefer to buy Chinese automobiles, and this enabled China to surpass its rivals and take third place in the global auto market.

Regarding the European market, the majority of consumers purchase Chinese-made electric vehicles from the American brand Tesla. There are also automobiles sold by European manufacturers who have relocated their factories to China.