China Likely to Become World's Top Auto Exporter
2024-01-15
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1A Chinese car group says China likely overtook Japan as the world's biggest auto exporter in 2023. 2The Chinese Passenger Car Association (CPCA) says automakers like BYD Auto, Chery and others are seeing increased sales overseas. 3The CPCA announced that exports of Chinese cars jumped 62 percent to a record 3.83 million vehicles. Japanese customs data showed car exports at 3.5 million for the first 11 months of the year, not including used vehicles. 4China's total auto exports were estimated to hit 5.26 million units last year. Japan's full-year exports were predicted at 4.3 million units, the CPCA found. 5China's rise as a top auto exporter is due in part to the strength of its electric vehicle (EV) automakers. BYD overtook Tesla as the world's top seller of EVs late last year. Most of the sales were within China, however. 6Some governments are concerned about Chinese auto exports affecting sales of their own automakers. 7In September, the European Commission started an investigation into Chinese-made electric vehicles over subsidies they may have received. 8And the administration of U.S. President Joe Biden is considering raising taxes on some Chinese goods, including EVs, the Wall Street journal reported last month. 9Domestic market 10China is the world's largest auto market. Vehicle sales there rose 5.3 percent last year. 11Sales of battery-powered vehicles in China last year increased 20.8 percent. And sales of hybrids grew 82.5 percent last year. 12Sales of Chinese-made cars are expected to make up 63 percent of total sales in China this year. Sales of Chinese cars jumped 15.7 percent last year. 13Competition is expected to increase. Popular Chinese smartphone maker Xiaomi showed its first electric vehicle last month. It has announced it is aiming to become one of the world's top five automakers. 14French auto brands suffered in China in 2023, with sales down 41 percent according to data for the first 11 months of the year. Sales of Japanese cars dropped almost 11 percent last year, while U.S. brands saw sales drop 1.4 percent. 15I'm Gregory Stachel. 16Reuters reported this story. Gregory Stachel adapted it for VOA Learning English. 17________________________________________________ 18Words in This Story 19unit - n. a single thing, person, or group that is a part of something larger 20subsidy - n. money that is paid usually by a government to keep the price of a product or service low or to help a business or organization to continue to function 21battery - n. a device that is placed inside a machine (such as a clock, toy, or car) to supply it with electricity 22hybrid - adj. (of a vehicle) using two different types of power, especially petrol or diesel and electricity (of a vehicle) using two different types of power, especially petrol or diesel and electricity 23brand - n. a category of products that are all made by a particular company and all have a particular name