China set to beat Japan to become No. 1 auto exporter

Exports to Russia and Mexico soar while EVs surge in Europe, Southeast Asia

20231228N BYD

China's BYD, the world's second-leading EV maker, is ramping up exports to Europe and Southeast Asia. (Photo by Yumi Okura)

AZUSA KAWAKAMI and SHUNSUKE TABETA, Nikkei staff writers

TOKYO/BEIJING -- China is on track to become the world's top automobile exporter on an annual basis for the first time, thanks to bigger footholds in Russia and Mexico and a growing global electric vehicle (EV) industry.

China exported 4.41 million autos from January to November, up 58% from the same period last year, according to preliminary data from the China Association of Automobile Manufacturers (CAAM).

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