2023 Global Automotive industry

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Global automobile production:

Automobile manufacturing has become one of the important industries with the largest scale and highest output value in the world, accounting for a large proportion of the global manufacturing industry.

 

Affected by the combination of weak global automobile consumption and the COVID-19 epidemic, consumers' enthusiasm for buying cars has decreased in 2020, automobile sales have continued to decline, and global automobile production has continued to decline.

 

From 2021, as the impact of the COVID-19 epidemic weakens globally, residents' demand for cars for production and daily life increases, so output will increase slightly. 

At present, China has become the world's largest automobile manufacturer.