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Car Exports To Remain Strong - Passenger Association


China exported 4.24 million automobiles from January to October this year, up 58% y/y with the average export price rising to USD20,000 from USD18,000 in 2022, according to Cui Dongshu, secretary-general at the Passenger Car Association. Cui expects car exports to remain strong in Q4 reflecting the competitiveness of China's automobile industry. Chinese manufacturers have also benefited from increased demand from Russia following the Russia-Ukraine crisis. Cui also noted that the car export market has recovered stronger than the domestic market this year. (Source: Yicai)

MNI Beijing Bureau |
MNI Beijing Bureau |

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