Foreign carmakers that have been losing market share to local rivals in China have boosted exports from the world's largest auto market, accounting for more than a fifth of the country's total vehicle exports last year, industry data showed. China is estimated to have overtaken Japan as the world's largest auto exporter in 2023, thanks largely to the strength of nimble local companies such as Chery, SAIC, Geely and BYD. But 18 foreign brands, led by Tesla, also exported 910,000 cars from China last year, accounting for 22% of the total 4.1 million units of China car exports, data from the China Association of Automobile Manufacturers (CAAM) showed.
Thailand s EV Sales Seen Doubling as First Homegrown Models Hit Market
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South Korea s Kia Corp plans factory in Thailand -newspaper
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War, AI and climate change shake up $32 trillion in global trade
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