In H1 of 2023 Chinese auto exports were up 75.7% y/y

<p>In the first six months of 2023, Chinese auto exports +75.7% year-on-year to 2.14 million vehicles</p><ul><li>H1 overseas shipments of new energy vehicles (NEVs) — a category that consists mainly of pure electric and hybrid models — more than doubled to 534,000 units, accounting for nearly a quarter of the total car exports</li><li>Europe is now the biggest overseas market for Chinese automakers</li><li>The U.S. imposes a 27.5% import tariff on Chinese-made cars</li></ul><p>In Q1 of 2023 China overtook Japan as the world's largest car exporter for the first time. (data via the China Association of Automobile Manufacturers (CAAM)).</p>

This article was written by Eamonn Sheridan at www.forexlive.com.