For decades the two countries have jostled for position as the world’s leading car exporter. But the pair’s dominance is coming to an end. Already the world’s largest car manufacturer, China is on track to overtake its rivals in exports, too.
China’s nascent auto industry mainly exported to poor countries, but now many Western consumers are buying Chinese-made cars for the first time. Exports to Australia tripled year on year in the first half of 2023, to more than 100,000 cars; sales to Spain rose 17-fold to nearly 70,000 vehicles. But many of these cars are Western-branded. Roughly a tenth of vehicles exported in 2022 came from Tesla, an American electric-car brand.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: