No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 8, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

China Is The Auto Capital Of The World

by TheAdviserMagazine
6 months ago
in Economy
Reading Time: 3 mins read
A A
China Is The Auto Capital Of The World
Share on FacebookShare on TwitterShare on LInkedIn


China is the world’s largest car producer and exporter. A little-known fact is that China first became the world’s largest car exporter back in 2023, with low-cost EV companies BYD and Chery in the spotlight. The nation’s auto sector has been steadily expanding since then, with Chinese brands reaching an all-time high of 69.4% of domestic passenger vehicle market share in Q1 2025.

The growing popularity of higher-tech, EV cars has aided China’s auto sector. BYD overtook Tesla to become the world’s top EV company. BYD actually surpassed Tesla in terms of revenue back in 2018, but the two companies had tight competition. As of 2024, BYD exported 4.27 million vehicles worldwide, compared to Tesla’s 1.79 million vehicle sales. In 2025, BYD delivered 416,388 BEVs, exceeding Tesla’s 336,681 vehicles for two consecutive quarters. BYD surpassed Tesla in annual revenue for the first time in 2024, generating $107 billion (29% YoY increase) after experiencing a 40% increase in battery electric and hybris vehicle sales. Tesla posed a slight 0.95% YoY growth in 2024, generating $97.7 billion in revenue, but auto sales accounted for only $72.5 billion of total revenue.

ChinaAutoExportsbyCountry

Overall, China exported 5.86 million vehicles in 2024, a 19.3% annual increase. Mexico, Russia, Brazil, and the UAE were the top buyers. China sold 4.96 million passenger vehicles (19.7% YoY increase), 900,000 commercial vehicles (17.5% YoY increase), and 1.28 million new energy vehicles, as well as 987,000 battery-electric vehicles.

Japan is the world’s second-largest car exporter, exporting 4.22 million vehicles in 2024. This marked a -4.5% decline from 2023. Toyota remains Japan’s leading vehicle, accounting for $312.28 billion in revenue and 830,048 million vehicles.

Germany is holding onto third place in auto exports. In 2024, Germany exported 3.4 million passenger cars, marking a 2.5% annual increase. Around 25.9% of all vehicles exported from Germany last year were electric. Volkswagen Group remains Germany’s star, generating $354.86 billion in revenue for the year.

In February 2025, China’s autos accounted for 27.5% of total auto sales globally. Now, these cars are not only cheaper than what other nations like Germany or the US can produce but also more technically advanced. Governments have been placing levies in China’s auto sector for the past few years, as there is a belief China has an unfair advantage. Chinese companies are not separate from the government.

The CCP has been injecting tons of capital into private companies to expand rapidly and undercut competitors’ prices. These companies also have reduced risk as they have the government’s backing. Labor costs are far cheaper in China, and the nation does not need to export vehicle parts for production. Overall, China has been able to rapidly infiltrate the global auto markets and become the global leader.



Source link

Tags: AutoCapitalChinaworld
ShareTweetShare
Previous Post

S&P 500 soars 9.5% to one of its biggest gains since WWII after Trump limits tariffs

Next Post

ASML boss says young people are always asking him how to become a CEO. Here’s why he calls it an ‘absurd’ question

Related Posts

edit post
Ken Paxton Takes His Anti-Antifa Fight Undercover

Ken Paxton Takes His Anti-Antifa Fight Undercover

by TheAdviserMagazine
October 8, 2025
0

This is Naked Capitalism fundraising week. 1221 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
Is Bari Weiss at CBS a New Direction or a Misdirection?

Is Bari Weiss at CBS a New Direction or a Misdirection?

by TheAdviserMagazine
October 8, 2025
0

On Monday, the long-rumored deal was made official as Paramount bought the online media outlet The Free Press and named...

edit post
Merkel Blames COVID For Ukraine War

Merkel Blames COVID For Ukraine War

by TheAdviserMagazine
October 8, 2025
0

Former German Chancellor Angela Merkel was the first person to admit that the Minsk Agreement was a ploy to buy...

edit post
Coffee Break: Armed Madhouse – Drone Evolution

Coffee Break: Armed Madhouse – Drone Evolution

by TheAdviserMagazine
October 7, 2025
0

This is Naked Capitalism fundraising week. 1147 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
WTO hikes global trade forecast for 2025; slowdown expected in 2026

WTO hikes global trade forecast for 2025; slowdown expected in 2026

by TheAdviserMagazine
October 7, 2025
0

A cargo ship sits outside of the Port of Elizabeth marine terminal seen from Bayonne, New Jersey, U.S., April 9...

edit post
Mises on Separating Morality and State

Mises on Separating Morality and State

by TheAdviserMagazine
October 7, 2025
0

A recent surge of politically-motivated violence, dramatically underscored by the shocking assassination of Charlie Kirk, has left many Americans wondering...

Next Post
edit post
ASML boss says young people are always asking him how to become a CEO. Here’s why he calls it an ‘absurd’ question

ASML boss says young people are always asking him how to become a CEO. Here’s why he calls it an ‘absurd’ question

edit post
Bank stocks fall up to 4% after RBI repo rate cut; gold loan NBFCs hit hard

Bank stocks fall up to 4% after RBI repo rate cut; gold loan NBFCs hit hard

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Multibaggers: 15 Smallcap stocks surge up to 225% in just 3 months. Are they in your Portfolio? – Smallcap Winners

Multibaggers: 15 Smallcap stocks surge up to 225% in just 3 months. Are they in your Portfolio? – Smallcap Winners

0
edit post
IRS Operations During the 2025 Government Shutdown

IRS Operations During the 2025 Government Shutdown

0
edit post
Foreign Investors Flock to the U.S. Housing Market, Buying B Worth of Real Estate

Foreign Investors Flock to the U.S. Housing Market, Buying $56B Worth of Real Estate

0
edit post
Can You Defer Payments on a Business Loan?

Can You Defer Payments on a Business Loan?

0
edit post
Here’s what it’s really like to appear on billionaire VC Tim Draper’s ‘Meet the Drapers’ pitch show

Here’s what it’s really like to appear on billionaire VC Tim Draper’s ‘Meet the Drapers’ pitch show

0
edit post
Trends, Growth, and Future Outlook

Trends, Growth, and Future Outlook

0
edit post
Comic books as investment vehicles

Comic books as investment vehicles

October 8, 2025
edit post
Saratoga Investment outlines 6.8M in liquidity and maintains alt=

Saratoga Investment outlines $406.8M in liquidity and maintains $0.75 dividend amid competitive market (NYSE:SAJ)

October 8, 2025
edit post
Here’s what it’s really like to appear on billionaire VC Tim Draper’s ‘Meet the Drapers’ pitch show

Here’s what it’s really like to appear on billionaire VC Tim Draper’s ‘Meet the Drapers’ pitch show

October 8, 2025
edit post
25 Remote Jobs That Don’t Require a Degree

25 Remote Jobs That Don’t Require a Degree

October 8, 2025
edit post
A whopping 72% of S&P 500 companies disclosed AI as a ‘material risk’ on their 10-Ks this year

A whopping 72% of S&P 500 companies disclosed AI as a ‘material risk’ on their 10-Ks this year

October 8, 2025
edit post
IRS Operations During the 2025 Government Shutdown

IRS Operations During the 2025 Government Shutdown

October 8, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Comic books as investment vehicles
  • Saratoga Investment outlines $406.8M in liquidity and maintains $0.75 dividend amid competitive market (NYSE:SAJ)
  • Here’s what it’s really like to appear on billionaire VC Tim Draper’s ‘Meet the Drapers’ pitch show
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.