Auto & Transportation

In the past 30 years of rapid development, China's auto industry has not only become the world's largest auto consumer market, but also fostered the prosperity of the auto manufacturing industry and the rapid growth of exports. According to the data released by the China Automobile Association, China's vehicle exports exceeded 2 million for the first time last year, reaching 2.015 million, a year-on-year increase of 100%, ranking third in the world, second only to Japan and Germany, and has greatly surpassed South Korea. As far as this year's auto exports are concerned, although China's auto industry was severely affected by the epidemic in the second quarter, since May, production and sales in the domestic auto market have recovered rapidly. According to data from the China Association of Automobile Manufacturers, in July, Chinese auto companies exported 290,000 vehicles, a month-on-month increase of 16.5% and a year-on-year increase of 67%, setting a new record high.

Independent brands to seize overseas markets

Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said at a press conference held recently that, in terms of models, passenger cars exported 242,000 units in July, an increase of 22% month-on-month and a year-on-year increase of 73.1%; commercial vehicles exported 49,000 units, month-on-month It decreased by 5.1% and increased by 42.2% year-on-year. The annual export of automobile enterprises is expected to exceed 2.4 million vehicles, which is in line with the expectations at the beginning of the year.

According to industry insiders, although my country's auto industry started late, after years of hard work, it has grown rapidly in recent years. Domestic self-owned brand cars are also getting rid of the low-priced and low-quality hats and moving towards a high-quality and cost-effective development route.

With the quality getting better and better, the technology constantly iterating, and the more affordable prices, many domestic cars have been sold to overseas markets one after another. For example, on July 21, BYD Japan Branch (BYD JAPAN Co., Ltd.) held a brand conference in Tokyo, announcing its official entry into the Japanese passenger car market. Previously, BYD's new energy vehicle footprint has spread to 400 overseas cities in six continents and more than 70 countries and regions. This entry into the Japanese market is an important part of BYD's overseas market.

On the same day, on the Shanghai Waigaoqiao Haitong Wharf, the boarding cars were about to be sent overseas. This is one of the largest car export terminals in China. Xi Jialin, executive director of the Marketing Department of Shanghai Haitong International Automobile Terminal Co., Ltd., revealed that in the first half of this year, the throughput of Haitong Terminal increased by more than 20% year-on-year, and foreign trade exports increased by more than 50%.

"Three or four years ago, only about 10% of the cars sent from Haitong Terminal were exported to Europe. In the first half of this year, this figure has increased to 40%. In the past two years, the number of ro-ro ships carrying cars to Europe has increased. Often 'one is hard to find'", said Xi Jialin.

According to data released by major Chinese automakers, from January to July this year, SAIC Group exported a total of 479,000 vehicles, a year-on-year increase of 54.9%, ranking first; Chery Automobile exported 198,000 vehicles, a year-on-year increase of 36.8%, ranking No. 1 Second, its export vehicles have accounted for 33% of the total sales; Changan Automobile ranked third with an export volume of 122,000 vehicles, a year-on-year increase of 65.5%; Tesla ranked fourth, with an export volume of 116,000 vehicles; followed by After that, Geely exported 100,000 vehicles and Great Wall Motors exported 77,000 vehicles.

According to Cui Dongshu, Secretary-General of the Passenger Federation, from the perspective of the group's export performance, SAIC Motor has experienced strong growth in Chile, Egypt, Saudi Arabia, Australia, the United Kingdom, Mexico, India, Thailand and other markets in the first half of 2022. Chery Motors performed well in Chile, Russia and Egypt, and Great Wall Motors also showed good growth in Russia, South Africa and some other markets.

New energy vehicles perform well

It is worth noting that, unlike fuel vehicles, which are mainly exported to third world countries, China's new energy vehicles have been exported to some developed countries and have begun to take shape. In addition to BYD's successful development of developed countries such as the Netherlands, Japan, Germany and Switzerland, new car-making forces such as NIO, Ideal, and Xiaopeng have also gone overseas in recent years, with positive progress. Among them, the European and Southeast Asian markets have become the first choice for these Chinese companies to go overseas.

According to data released by the China Association of Automobile Manufacturers, in July, the production and sales of new energy vehicles were 617,000 and 593,000 respectively, a year-on-year increase of 1.2 times. From January to July, the production and sales of new energy vehicles reached 3.279 million and 3.194 million respectively, an increase of 1.2 times year-on-year, and the market share reached 22.1%. The production and sales of new energy vehicles continued to maintain rapid growth. In terms of exports, in July, 54,000 new energy vehicles were exported, an increase of 89.9% month-on-month and a year-on-year increase of 37.6%, showing a rapid growth momentum.

According to the research report, the monthly sales of domestic new energy vehicles maintained steady growth in July. On the one hand, the improvement in supply and high oil prices drove the growth of orders; on the other hand, the promotion of encouraging consumption policies further boosted the growth of the auto market in July. In the long run, the global new energy vehicle has entered a stage of rapid growth. At this point, it is recommended to continue to seize the opportunity of high-quality standards in the global electrified supply chain.

In recent years, China's new energy vehicles have developed rapidly and effectively driven exports. This is largely due to the support and promotion of the central and local governments, especially in some provinces and regions, as well as the realization of relatively large taxation in related industries. fee waiver. The new energy vehicle industry has shown strong resilience after the epidemic, which is also an important factor behind the strong export in the recent period.

In addition, from the perspective of future growth, the PMI of the automobile industry in July was higher than 52%, which was better than the overall manufacturing industry. It maintained expansion for two consecutive months, and production and sales continued to recover. The relevant person in charge of the China Association of Automobile Manufacturers revealed that it is expected that new energy vehicles and automobile exports will maintain a good performance in the future.