China comes just shy of Japan as the world's largest car exporter
Publishing timestamp: 2024-01-31 02:56:08
Summary
Japan remained the world's largest exporter of cars in 2023, exporting more vehicles than China. China's car exports were mostly gasoline-powered, with many going to Russia and Mexico. Chinese-made cars are gaining market share in Mexico, and China's new energy vehicle penetration is increasing. Chinese car makers are expected to increase their share of the domestic market, potentially impacting European car sales. There are concerns about overcapacity and potential trade wars.
Sentiment: MIXED
Tickers: ZE594-CN, VOW3-DE, TSLA,
Keywords: tesla inc, autos, breaking news: markets, world economy, volkswagen ag, asia economy, byd co ltd, business news, trade,