China's 2023 auto sales grow 12% on overseas demand for EVs

Belgium, Thailand are key destinations for Chinese electric cars

20240111 china car

Chinese consumers are increasingly switching away from the internal combustion engine toward electric vehicles.  © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- China's vehicle sales accelerated 12% to a record 30.09 million units in 2023, an industry group said on Thursday, beating a 3% growth target set earlier.

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