Chinese Auto Exports Forecast to Surge in 2023 Amid Crowded Local Market

What’s new: China’s automobile exports will jump 40% in 2023, an industry expert predicted, as local carmakers ramp up their expansion overseas amid escalating competition at home.

The country’s automakers will likely ship more than 4 million vehicles this year, with the value of the shipments expected to surpass $80 billion, Sun Xiaohong, secretary-general of the automobile branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said Friday.