The Kobeissi Letter(@KobeissiLetter):China is now dominating the global auto market: China's vehicle exports jumped +68.7% YoY in May, to ~930,000. This is almost +1,100% above levels seen in May 2019. This comes as new EV exports surged +112.6% YoY, to 424,000, accounting for ~46% of the total. As a result, China exported a record 8.6 million vehicles in the 12 months ending May. By comparison, Japan exported just 4.2 million, or -51% fewer, during the same period. To put this into perspective, China exported just 1.0 million vehicles in 2019, while Japan exported 4.8 million, or +380% more. China is now the undisputed leader of the global car market.

2026.07.07 20:19

China is now dominating the global auto market: China's vehicle exports jumped +68.7% YoY in May, to ~930,000. This is almost +1,100% above levels seen in May 2019. This comes as new EV exports surged +112.6% YoY, to 424,000, accounting for ~46% of the total. As a result, China exported a record 8.6 million vehicles in the 12 months ending May. By comparison, Japan exported just 4.2 million, or -51% fewer, during the same period. To put this into perspective, China exported just 1.0 million vehicles in 2019, while Japan exported 4.8 million, or +380% more. China is now the undisputed leader of the global car market.