China overtook Japan as the world's biggest vehicle exporter last year, data from the Japan Automobile Manufacturers Association showed Wednesday. The Chinese auto sector has boomed in recent years largely because of massive investments in electric cars, an area where Japanese firms have been more cautious. Japan shipped 4.42 million vehicles in 2023, the JAMA figures showed. That compared with 4.91 million exported by China, as reported by the China Association of Automobile Manufacturers this month. China's customs bureau put the number even higher at 5.22 million, a huge year-on-year rise of 57 percent, with one ... (full story)