China Remains Biggest Market for German Cars

China remained the most important customer of Germany’s automotive industry in 2021, Xinhua reported, citing data from the German Federal Statistical Office (Destatis).

Germany’s exports of passenger cars to China increased by 14% year-on-year to 16.7 billion euros ($18.7 billion) last year, according to Destatis. Exports to the US were worth 15.9 billion euros.

Read the full report: Xinhua

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.