Thread by Science Is Strategic
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- May 24, 2023
- #China #Transportation
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China 🇨🇳 is now the world’s largest auto 🚙 exporter
Short 🧵 below on China’s rise as an automotive superpower 📈 (1/9)
Cc: @Noahpinion @ElbridgeColby @NickKristof @Brad_Setser @PekingMike
Short 🧵 below on China’s rise as an automotive superpower 📈 (1/9)
Cc: @Noahpinion @ElbridgeColby @NickKristof @Brad_Setser @PekingMike
China is now number 1️⃣
➡️ China 🇨🇳 exported 1.07 million vehicles in Q1, up 58% y-o-y
➡️ Japan 🇯🇵 exported 950,000 vehicles during the quarter
➡️ 35% of EVs 🔋 exported globally came from China last year, compared with 25% in 2021 (2/9)
www.wsj.com/articles/your-next-electric-vehicle-could-be-made-in-china-a288ab58?mod=mhp
➡️ China 🇨🇳 exported 1.07 million vehicles in Q1, up 58% y-o-y
➡️ Japan 🇯🇵 exported 950,000 vehicles during the quarter
➡️ 35% of EVs 🔋 exported globally came from China last year, compared with 25% in 2021 (2/9)
www.wsj.com/articles/your-next-electric-vehicle-could-be-made-in-china-a288ab58?mod=mhp
Chinese 🇨🇳 car exports to
Europe 🇪🇺 are dominated by EVs and are exploding 
Chinese car exports 🚙 into the EU have shot up from $112m a month before the pandemic to around $1.1bn a month now  (3/9)
Europe 🇪🇺 are dominated by EVs and are exploding 
Chinese car exports 🚙 into the EU have shot up from $112m a month before the pandemic to around $1.1bn a month now  (3/9)
China 🇨🇳 is already the Saudi Arabia 🇸🇦 of batteries 🔋
➡️ 6 of top 10 companies are Chinese
➡️ Top 2 Chinese producers, CATL & BYD, control 50.7% of global market
(7/9)
➡️ 6 of top 10 companies are Chinese
➡️ Top 2 Chinese producers, CATL & BYD, control 50.7% of global market
(7/9)
To read more about China’s 🇨🇳 rise as an auto manufacturing 🚙 powerhouse, see the informative @WSJ piece below by @jackycwong (9/9)
www.wsj.com/articles/your-next-electric-vehicle-could-be-made-in-china-a288ab58?mod=mhp
www.wsj.com/articles/your-next-electric-vehicle-could-be-made-in-china-a288ab58?mod=mhp