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China Overtakes Japan as Top Auto Manufacturer
Published 1 week, 3 days ago
Description
Chinas Rapid Rise: Set to Overtake Japan as Worlds Largest Auto Manufacturer by 2025Chinas auto industry is poised to surpass Japans dominance, becoming the worlds largest auto manufacturer by 2025. This shift is due to a surge in Chinese sales, driven by increased production, a focus on electric vehicles, and a strong domestic market. The Chinese governments push for new energy vehicles has resulted in nearly sixty percent of passenger car sales being electric. China has also become the top auto exporter, flooding international markets with affordable electric vehicles and plug-in hybrids. This rapid growth is expected to reshape global trade and supply chains, with potential impacts on price wars and market shares in countries like Thailand and Europe.
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