This Is The Reason Why The Chinese State Has Succeeded In Mastering The Automotive Industry During 2023

Photo: Doc. BYD Auto

JAKARTA - China's current automotive industry shows its existence and is even trying to compete with several developed countries, such as Japan, Germany, and South Korea in the field of vehicle production.

This is evidenced by the latest achievement of the Bamboo Curtain country manufacturer which has succeeded in dominating the export market over the last few years and these results continue during 2023.

Reporting from Nikkei Asia, Monday, January 1, it was recorded that production cars from China had succeeded in defeating Japan in the export sector since the first quarter of 2023.

The Chinese Association of Automobile Manufacturers (CAAM) said the country exported 4.41 million units between January and November, an increase of 58 percent compared to the same period in 2022. For information, 2022 achieved export results with 3.99 million units produced by Japan in the first 11 months of 2023 (up 15 percent).

Although China has not made a serious breakthrough against the US market, and is still in the early stages of entering the car sales market in Europe, China already controls markets in Mexico and Russia, and access to these markets is still limited. helping it increase its export figures.

It is reported that China exported 730,000 vehicles to Russia between January and October, a seven-fold increase from the number of 2022. Although the figure in Mexico is not too impressive, it is 330,000 units, but the result is up to 71 percent. To strengthen expansion, several companies are trying to establish a production base there which some industry experts say will be used to help Chinese brands access the US without having to pay for strict import duties.

Please note, not all of the car shipments from China come from local brands. Karen some outside companies such as Volvo, BMW, Tesla, and others are also producing the big wall country. One of their brands, BYD, is a leader in terms of local sales.