China Masters The World's Largest Car Exporter Position, Triggers Western World Concerns

Yangwang U8. (Doc. BYD)

JAKARTA - In 2023, China's automotive industry recorded extraordinary achievements by successfully displacing Japan from the world's largest car exporter position, creating a wave of concerns among Western countries.

According to a report by Carnewschina, January 14, Chinese car exports, including chassis, hit a new historical record throughout 2023 with a total of more than 5.22 million units, based on data from China's Customs and Excise. In addition, Chinese automotive brands have penetrated the market of more than 200 countries worldwide.

Meanwhile, quoted from The Economist, January 11, China's success in 2023 is very impressive if you look at the previous five years China was only able to deliver a quarter of the number of cars compared to Japan, which at that time still holds the largest exporter position in the world.

Then BYD, China's largest automaker, recorded impressive sales of 0.5 million electric vehicles (EVs) in the fourth quarter, outperforming even Tesla. The superiority of Chinese electric vehicles lies not only in its sophistication, but also at its affordable price. However, the main challenge facing China today is the scarcity of ships to deliver their products around the world.

In the era of global decarbonization, China has a great opportunity to double its global market share by a third by 2030. This will end the dominance of Western countries, especially in Europe, and raise the question of whether China will again trigger a wave of deindustrialization in Western countries?

This Western concern about China is not without reason. In 1997-2011, according to The Economist, China was blamed when 1 million manufacturing workers in America lost their jobs due to competition with China, it comes as China begins to integrate into the global trade system and starts shipping cheap goods overseas.