China Slowly Squeezes Global Carmakers Out of Its Massive Market

[beijingwalker]

Global car production 2022

China, the US, and Japan took the top three spots, accounting for a combined 52.8% of global automobile production. China stayed in first place, making it the 14th year it has topped the rankings. Chinese production rose 3.6% to 27.02 million units, driven by a recovery in domestic demand. Chinese exports also surpassed 3 million units for the first time. The US grew 9.4% to 10.02 million units.

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Japan fell 0.2% to 7.38 million units. This is the fourth consecutive year Japan has seen declining production. It was also the only country in the top 10 to see a decrease in production.

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KAMA explained Japan’s production decline as being due to the ongoing shortage of semiconductor chips, which delayed the performance recovery of major automobile makers.

 

[letsrock]

Global car production 2022

China, the US, and Japan took the top three spots, accounting for a combined 52.8% of global automobile production. China stayed in first place, making it the 14th year it has topped the rankings. Chinese production rose 3.6% to 27.02 million units, driven by a recovery in domestic demand. Chinese exports also surpassed 3 million units for the first time. The US grew 9.4% to 10.02 million units.

​

Japan fell 0.2% to 7.38 million units. This is the fourth consecutive year Japan has seen declining production. It was also the only country in the top 10 to see a decrease in production.

​

KAMA explained Japan’s production decline as being due to the ongoing shortage of semiconductor chips, which delayed the performance recovery of major automobile makers.

It would be interesting to know the value of this production