Volvo’s Polestar 2 are popular in Norway, here in droves (covered in white) on a drone image from Drammen harbour. The brand is part-owned by Volvo, but is produced in Chengdu in China. Photo: Heiko Junge / NTB
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19. May 2023 10:14 – Updated 19 May 2023 10:14
China is profiting well from the green shift along the roads, and in the first quarter of this year was the world’s largest car exporter.
Official figures announced last week show that the country exported over one million cars in the period, an increase of 58 percent from the first quarter of 2022, reports BBC.
Japan finished right behind, with just under a million, after a growth of 6 percent. Last year, China took second place on the car export podium from Germany, and is therefore now in the driver’s seat in the world.
In all of 2022, China exported 3.2 million cars, and may pass 4 million this year.
Electric cars account for much of the increase, led by Tesla-owned SAIC’s giant factory in Shanghai. In the first quarter, their exports of electric and hybrid cars increased by 90 percent. China has also increased its market share in Russia considerably after the outbreak of war, the BBC reports.
2023-05-19 08:14:07
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