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International Business Times
International Business Times
Business
Etienne BALMER

China Overtook Japan As World's Top Vehicle Exporter In 2023

Just 1.7 percent of cars sold in Japan were electric in 2022 (Credit: AFP)

China overtook Japan as the world's biggest vehicle exporter last year, data from the Japan Automobile Manufacturers Association showed Wednesday.

The Chinese auto sector has boomed in recent years largely because of massive investments in electric cars, an area where Japanese firms have been more cautious.

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