The major milestones on China's path to becoming the world's leading auto exporter.
Geely's Dihao EV. Credit: Geely via X, formerly known as Twitter
Back in 1984, the story of a Beijing chicken farmer saving up to buy a Toyota car shot to prominence in the Chinese media as a leading example of the country’s growing prosperity. The family at the center of the story may not have been the peasants they were presented as — its patriarch was in fact a senior government official — but the message was clear: Vehicle ownership was a symbol of success in the new China.
Fast forward 40 years, and China is reaching a milestone of a different magnitude. In the first half of 2023, China overtook Japan as the world’s largest automotive exporter, just one year after speeding into second place by displacing Germany. China’s top auto companies, including those specializing in electric vehicles, now have their sights set on expanding further into Europe.
“It’s manifest destiny that China will surpass Japan, because Japan’s trend is down and China’s trend is up,” says Bill Russo, founder and CEO of Automobility, a Shanghai-b
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