In 2023, China has emerged as the world's largest auto exporter, with a significant increase in vehicle exports totaling 4.91 million units, marking a 57.9% year-on-year growth, according to the Ministry of Industry and Information Technology. The surge in exports includes a notable rise in the shipment of transportation goods to Russia, including rail cars, autos, and trucks, making China the largest exporter to Russia's war economy. Concurrently, Tesla continues to lead in the electric vehicle (EV) market, with consumers preferring its vehicles over traditional OEM EV models, largely due to the SuperCharger Network. Additionally, the Tesla Model Y was the best-selling car in Europe in 2023, the first EV to achieve this milestone. BYD, another Chinese automaker, has also made significant strides, surpassing Tesla in EV sales and planning to invest $1.3 billion in an EV factory in Indonesia. BYD aims to become Indonesia's biggest EV brand and has unveiled three new battery models for sale. In the oil sector, Russia has become China's largest oil supplier, surpassing Saudi Arabia, with China importing 107 million tons of oil from Russia in 2023. Tesla sold 654,888 vehicles in the US in 2023, capturing a 4.2% market share and surpassing competitors like BMW, Volkswagen, and Subaru.
"Russia supplied 107 million tons of oil to China in 2023, the equivalent of 2.1 million barrels a day." That makes China a major subsidizer of Putin's war crimes in the course of his colonial invasion of Ukraine. https://t.co/0kdDgIIhV6
Tesla is the leading EV maker in the world. And now, it is also gaining market share among automakers in the US. In 2023, Tesla sold 654,888 vehicles in the US. It now has 4.2% of the market share, surpassing BMW, Volkswagen, and Subaru. https://t.co/msXhRXJ8Q4
BYD is the biggest car brand you've probably never heard of. Here's how the Chinese company overtook Tesla to become the world's largest maker of electric vehicles https://t.co/9ZkGlKujD0 https://t.co/vPr8pW9MfT
"#BYD is to invest $1.3B in an EV factory in Indonesia, after the Chinese carmaker unveiled 3 new battery models for sale w/the aim of becoming #Indonesia’s biggest EV brand" https://t.co/Q4XIlrGTKX
"China last year overtook Japan as the world’s biggest car exporter, largely thanks to a boost in sales of internal combustion engine vehicles to Russia and, to a lesser extent, Chinese EV sales to parts of Asia and Europe." https://t.co/dhVsRcLQRE
Russia surpassed Saudi Arabia to become China’s largest oil supplier in 2023, Reuters reported, citing Chinese customs data. https://t.co/DaXd4P12Zf
Russia overtakes Saudi Arabia as China's primary crude supplier in 2023 despite sanctions https://t.co/CW3IBq7etc https://t.co/KeEQgocU12
#China defies sanctions to make #Russia its biggest oil supplier in 2023 #oott https://t.co/ro8lz7sp1v
Chinese auto exports rose 64% in 2023, with strong push by EVs, per MW.
$BYD just surpassed $TSLA in sales of #ElectricVehicles. Is it time to throw our hat into the ring and go long the world's biggest producer of EVs? https://t.co/52McSkZYZu
Tesla Model Y was Europe's best-selling car in 2023, the first EV to take top spot https://t.co/3vnaMHcqZg
In 2023, an EV was the best selling car in Europe for the first time. An EV was the best selling car in the world. BYD sold more BEVs than ICE for the first time. Let’s stop pretending there is “fading demand for EVs”. There is fading demand for crappy ones. That is all. $F https://t.co/KlwvnBJJlp
It is becoming very clear that consumers are continuing to choose $TSLA vehicles over traditional OEM EV models when they switch to electric. A lot of consumers cite Tesla’s SuperCharger Network as the reason. The SuperCharger network is one of Tesla’s greatest strengths.
China's direct exports to Russia of transportation goods - stuff like rail cars plus autos and trucks - are through the roof. Its exports of these goods to Kazakhstan - likely also going to Russia - are also up lots. China is now the biggest exporter into Russia's war economy... https://t.co/lWYKEE88OU
China became the world's largest auto exporter with 4.91 million units of vehicles exported in 2023, up 57.9% YoY, the Ministry of Industry and Information Technology said Friday. https://t.co/aX6jir3igG