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April Car Exports Up 70% Y/Y - CAAM

CHINA PRESS
MNI (BEIJING)

China’s car exports increased 70% y/y in April, according to the China Association of Automobile Manufacturers (CAAM). Xu Haidong, deputy chief engineer at CAAM, said China’s increased competitiveness, with better quality control and customer service, had driven the growth. In future, he expects China’s manufacturers to set up localised manufacturing and service centers in destination countries. In Q1, China exported 1.07 million vehicles, up 58.1% y/y, more than Japan exported in Q1 2022. (Source: 21st Century Herald).

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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