Auto & Transportation

China's automobile export volume has ranked the second in the world!

According to the customs data of China Automobile Association, in August 2022, China's automobile export volume reached 308000, a year-on-year increase of 65%, which is the first time in history that more than 300000 vehicles were exported. From the overall situation in the first eight months of this year, China's automobile export volume has surpassed that of Germany, only second to that of Japan. Among them, the export volume of new energy vehicles from January to August increased by more than 90% year on year, contributing an important increase.

The developed countries are becoming the main markets for China's automobile exports. According to the customs data compiled by the China Automobile Association, from January to August 2022, the top ten countries in China's automobile export volume are the United States, Mexico, Japan, Belgium, the United Kingdom, the Russian Federation, Germany, South Korea, Australia and Saudi Arabia.

How fast is China's automobile export growing? Why can we successfully open up the situation in overseas markets?

The "acceleration" of China's automobile export with a tenfold growth in the past two decades

Back in 2002, 20 years ago, there was still a huge gap between China's automobile export industry and Germany, Japan and other countries.

According to the customs data of the International Automobile Manufacturers Association (OICA), the world automobile export volume in 2002 was 22.1 million, of which Germany and Japan both exported more than one million vehicles. According to the data of China Automobile Association, in 2002, China's total vehicle export volume was only 43100. If the snow walking motor vehicles, golf carts and other manned motor vehicles are deducted, China's automobile exports will be only 22000.

However, in the next 20 years, China's automobile export industry achieved "overtaking at curves". According to the data of Just Auto Customs, the authoritative British media, in 2021, the number of Chinese automobile exports will exceed 2 million for the first time, reaching a total of 2015000, second only to Japan (3.82 million) and Germany (2.3 million), becoming the third largest automobile exporter in the world, and nearly 25% more than South Korea (1.52 million).

By 2022, China's automobile export industry will continue to maintain a rapid growth trend. According to customs data, from January to August this year, China exported 1.91 million cars, with a year-on-year growth of 47.5%. This figure is close to the export volume of the whole year last year, surpassing the export volume of German cars and second only to Japan.

Among them, new energy vehicles have become a well deserved growth engine. According to the data of China Automobile Association, from January to August 2022, China's new energy vehicle exports totaled 340000 vehicles, with a year-on-year growth of 97.4%.

At the 4th Global New Energy and Smart Vehicle Supply Chain Innovation Conference, Wang Jinzhao, Minister of the Industrial Economy Research Department of the Development Research Center of the State Council, said that in 2021, China's new energy vehicle exports will account for 1/3 of the world's total, making it the world's largest new energy vehicle exporter.

With the rapid development of China's new energy automobile industry, the automobile export industry is expected to continue to grow and run out of "acceleration".

Why can automobile export achieve "flying against the wind"?

In recent years, the automotive industry has experienced a serious shortage of chips. In addition, since the second half of 2021, the prices of major automotive raw materials, such as aluminum, have risen sharply, putting pressure on many automotive enterprises.

However, in this context, the domestic automobile export industry has achieved a counter trend growth. According to the customs data of China Automobile Association, China's automobile export volume in 2021 will be 2.015 million, with a year-on-year growth of 101.1%, ending the situation that the automobile export volume hovered around 1 million for many years. Since this year, the number of automobile exports has maintained a rapid growth.

Why can China's automobile export industry "fly against the wind"?

According to a research report of Pacific Securities, the domestic automobile industry chain is relatively complete and has differentiated competitive advantages. In the context of the pressure on global automobile enterprises caused by the shortage of chip supply, the excellent performance of China's automobile export demonstrates the advantages of a complete domestic industrial chain. With the advancement of domestic brands in the field of new energy and intelligence, the further consolidation of product strength and brand image will be conducive to the sale of cars made in China to more countries and regions.

At the same time, some policies also provide strong support for automobile export. On September 5, at the regular briefing on the policies of the State Council held by the Information Office of the State Council, the Ministry of Commerce said that it would continue to support new energy vehicle enterprises to accelerate the construction of overseas marketing and after-sales service networks and increase brand promotion. Overseas institutions of qualified Chinese funded banks are encouraged to provide overseas consumer financial products. We will explore ways to expand export transport channels and transport new energy vehicles through China Europe regular trains.

Of course, a good automobile export situation can not be separated from the efforts of the enterprises themselves. In an interview with a reporter, the relevant responsible person of BYD said that in 2022, the company will increase its auto exports to Japan, Germany, Sweden, Australia, Singapore, Malaysia and many Latin American countries and regions.

"BYD has always been active in the overseas market. Up to now, BYD's new energy vehicles have covered six continents, more than 70 countries and regions, and more than 400 cities." The above responsible person.

It is understood that in September 2022, BYD exported 7736 passenger cars, a month on month growth of more than 50%.

In addition to BYD, Chang'an Automobile also saw a big increase in its exports this year. According to the relevant person in charge of Chang'an Automobile, from January to September this year, the overseas sales volume of Chang'an Automobile's own brand was nearly 140000, with a year-on-year increase of 48.06%. By the end of September this year, Chang'an has exported about 640000 vehicles, which have entered more than 70 countries and regions overseas.

How can China's automobile go abroad successfully? The relevant person in charge of Changan Automobile said to the reporter that Changan Automobile insists on investing 5% of its sales revenue in R&D every year, and has established a global collaborative R&D pattern with different focuses in Chongqing, Beijing, Hebei, Hefei, Shanghai, Turin, Italy, Yokohama, Birmingham, the United Kingdom, Detroit, the United States, and Munich, Germany. The R&D advantage of continuous iteration is the basic guarantee for Chang'an to open up the international market.

The overseas hot sales of BYD and Chang'an Automobile are just a microcosm of China's automobile going abroad: in September 2022, Great Wall Motors sold 18800 new cars overseas, an increase of 64.7% year on year, a record high; In the same month, SAIC Motor Corporation (600104) sold 108 thousand cars overseas, a year-on-year increase of 51.2%

According to relevant research papers of Great Wall Guorui Securities, a trend that may change the structure of global manufacturing industry has begun, and this trend is the rise of China as a major auto exporter. As the market share of domestic cars in the domestic market continues to rise, independent brands have successively gone overseas to layout overseas markets. The shortage of supply due to the impact of the epidemic overseas will bring huge export growth space for Chinese cars.