Posted on 05/22/2023 4:45:50 AM PDT by FarCenter
TOKYO – The Group of Seven (G7) spent the weekend calling for a pivot away from China’s sprawling supply chains and Beijing’s rising economic power.
Yet new data on pivots in the automotive world, released as G7 leaders were signing their communique, reminded investors why it’s too late for that.
China zoomed past Japan in the first three months of 2023 to become the world’s top auto exporter. Driving the milestone: a 58% year-on-year surge in China’s automobile exports in the January-March period to 1.07 million units.
Adding insult to injury, the China Association of Automobile Manufacturers noted that the increase is partly due to deliveries to Russia. It’s a stark reminder that global sanctions on Moscow over the Ukraine war are proving to be more Swiss cheese than the united front US President Joe Biden envisioned.
Tokyo got its own stark warning, too. The other big reason China is exporting more vehicles than Japan Inc is booming demand for electric vehicles (EVs). This is a market, of course, at which Toyota Motor and other Japanese giants looked askance – to their growing detriment.
China didn’t, which explains why Elon Musk built his first outside-the-US Tesla “Gigafactory” in Shanghai, not Yokohama. Tesla’s China operation is, for now, the top exporter of new energy autos. As of September 2022, Tesla had reached 90,000 domestic orders, according to local media reports.
(Excerpt) Read more at asiatimes.com ...
China is making cars? Is there a reason our media hasn’t reported anything about this?
China has a population of 1.4 billion and the largest emerging middle class. why would you not think they have an automotive industry?
China manufactures about 2.5 times as many cars as the US. They just haven’t exported many until recently.
https://en.wikipedia.org/wiki/List_of_countries_by_motor_vehicle_production
Remember that after WWll Japan was forced to turned its entire industry toward anything that didn’t create weapons of war, which their nation was REALLY good at, so they started designing and building products that really really sucked...at first. “Made in Japan” meant cheap and chintzy. Now “made in Japan” means high quality. China wants that too so who can blame them? We killed off major industry in the US so we will reap what the politicians have sown because WE get what the majority votes for. “Elections have consequences”...and then we reap the consequences of elections. Enjoy!
I’ll take the 2-door Hoo Flung Dung.
They take US cars as their own.
Cheap bad ones.
US corporations agree to give them 51% at first, then Chicoms just steal the technology.
Push for electric cars is to force a market for their cheap crap electric cars.
Japanese cars are excellent, Chinese cars are garbage. You can be #1 exporter of garbage cars, but Japan is the #1 exporter of high quality cars. I’ll take a Toyota over 90% of the rest of cars any make, any model.
The article smells of propaganda.
Recycle bin it goes.
Over the last 20 years, I have owned a couple of Hondas and Toyotas. Very well built vehicles. When my Ford craps out, I will be picking up a Toyota truck.
In poor countries the most common cars are used Toyotas. Across Africa folk will still choose a 10 year old Land Cruiser over a new Chinese model.
That said Chinese cars are getting better. In 10 years they will likely close most of the gap with the west.
you want to trust a Chinese car?
no thanks, I’ll stick with Japanese
* plus, this way, the money isn’t financing a malicious police state that is an enemy of the West
“win-win”
The Japanese autos that were actually made in Japan are even better than the autos from the same manufacturer made in the USA or Mexico.
With the exception of my 2012 Toyota Tacoma that was made in San Antonio. It is the best vehicle I have ever owned.
The next best vehicle I ever owned was the 1999 Lexus SC400. That was made in Japan. I wish I never sold that car.
China is making cars?
China makes others peoples cars
They’ve been the largest auto manufacturer by a large margin for quite some time.
I had a 1988 Toyota pickup. I sold it in 1999 when I bought a new Tacoma. I had multiple guys call and the first question they asked was whether it would pass inspection. Of course I responded. Then they said okay, have a nice day.
The third guy that asked the same question I asked why.
He stated that IF they did not pass inspection he would still buy them and ship them to Central America. That he would buy them for $1000-1500(1999 prices). That he would put four in a 40’ container and ship them to either Costa Rica or Honduras.
Down there he could sell them for $4000+.
He only bought Toyotas and Nissan/Datsuns.
He also said that there were other people that bought them to send them to Asia and Africa. Again, only those two brands from the USA.
A few years later we got involved in Afghanistan. All those Taliban guys were running around in old Toyota and Datsun pickups.
I got a bumper sticker made for my Tacoma that said:
OFFICIAL VEHICLE OF THE TALIBAN
You'll find a list of Chinese models offered at Harbor Freight. /s
ALL Buicks are built in China. You’d be amazed to see how many Buicks are on the roads of China.
Ford is going to begin building Lincoln’s there for export to the US this year.
I've owned a Toyota for the past 13 years. Current ride is a 22 Corolla LE gas model. 38mpg highway. Previous car was a 10 Corolla LE. Not sexy but the Toyota Corolla = bulletproof value - IMHO.
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