China's Auto Exports Soar to Record High in 2023 on Surging EV Demand
• China's auto exports hit record high of 4.91 million vehicles in 2023, up 57.9% year-on-year • Surge propelled by 77.6% jump in new energy vehicle exports to over 1.2 million units • Total auto sales topped 30 million units; output exceeded 30 million units • Exports gaining greater global recognition, with rising quality and average pricing • Future prospects positive - exports forecast to hit 5.5 million units in 2024 on robust domestic demand and overseas expansion