Auto & Transportation

At present, China's passenger car international trade exports have entered the top three in the world. Chinese automobile has become the leader of the automobile market in the Middle East and Latin America, and occupies an important position in the European market. Chinese auto companies have been actively participating in the European auto show since the beginning of the 21st century. According to the data of Eurostat, China's automobile exports will usher in a watershed year in 2021. In this year, China's exports to the EU will surge by 156% to 435000 vehicles. In 2022, China's auto exports will continue to grow on this basis.

At the same time, China's new energy vehicle export performance is particularly bright. German TV reported that China's electric vehicles are playing an increasingly important role in the world market, and China is catching up with and narrowing the gap with Germany. From entering Norway, to Australia and South America, and then to Japan, the global expansion speed of China's major electric vehicle brands should not be underestimated.

Recently, the China Association of Automobile Industry released the "Brief Analysis of Automobile Exports in 2022", which showed that in 2022, automobile enterprises exported 3.111 million vehicles, an increase of 54.4% year on year. China's automobile exports turned out bright transcripts, effectively driving the overall growth of automobile related industries.

At present, China's automobile exports are showing a good momentum of all-round development. From the perspective of export categories, the export of passenger cars, trucks and passenger cars increased in an all-round way. According to the data, in 2022, China's passenger car exports were 2.529 million, up 56.7% year on year; The export of commercial vehicles was 582000, up 44.9% year on year. Among them, 679000 new energy vehicles were exported, up 1.2 times year on year. From the perspective of export regions, China's automobile exports not only to developing countries are strong, but also to some developed countries in Europe are growing rapidly, forming a diversified development trend of overseas markets. According to customs data, in the first 11 months of 2022, among the top 10 countries that import Chinese cars, the United Arab Emirates and Mexico markets performed better, with year-on-year growth of 2.7 times and 1.6 times respectively. With new energy vehicles striding out of the country, Europe and North America are becoming two major incremental markets for China's automobile exports. At the same time, the unit price of China's automobile exports has gradually increased, and the product quality has continuously improved, showing the characteristics of "both quality and price". With the gradual establishment of competitive advantages of Chinese brand cars in the fields of tri-electric technology and intelligent driving, the competitiveness of China's automobile international trade has continued to improve.

The overall growth of China's automobile exports is closely related to China's strong production capacity. In 2022, the global automobile market will continue to be affected by the COVID-19, especially the European automobile manufacturing industry will suffer from the impact of the conflict between Russia and Ukraine. The supply capacity of the overseas automobile market will be seriously short, and the automobile price will rise significantly. China has a strong automobile production capacity, high inventory and sufficient supply capacity for overseas markets, providing an important supplement to the supply of the global automobile market and promoting the matching of supply and demand in the global automobile market. In addition, the supply of chips used in China's automobile industry is sufficient, and the relevant industrial chain is relatively complete, which is less affected by the "lack of core" trend abroad, supporting the stable growth of China's automobile production. At the same time, China's automobile export is undergoing the transition from low-end models to high-end models, and the comprehensive capabilities of appearance design, quality control, technology and brand marketing are continuously improved, which can better meet the global diversified market demand.

It is worth mentioning that China's new energy vehicle export growth performance is outstanding, and the new energy vehicle export increment contribution is high. China's production and sales of new energy vehicles have ranked the first in the world for many years in a row. It has entered the period of comprehensive market expansion, with the unit price of ex-warehouse continuously rising and the regional structure significantly improved. In particular, the export scale of domestic Tesla has increased, and the overall output value of the export of Chinese-made new energy vehicles has increased. New energy vehicles represented by domestic brands such as BYD, SAIC, Geely, Great Wall, Chery have also become increasingly popular in the international trade market, and the brand acceptance has been continuously improved.

Opportunities and challenges coexist. At present, China's automobile export also faces some bottlenecks and development difficulties. The most prominent dilemma is that China's external environment is complex and changeable, and some countries are wary of China's automobile exports. At present, the scale of China's automobile export has reached a high level, the supply of vehicles in Europe, America, Japan and South Korea is rebounding significantly, and the international automobile supply environment is improving. At the same time, the global auto market is facing downward pressure from the international economy. After the epidemic, consumer public travel has increased and the demand for car use has decreased significantly, which has brought some pressure on China's auto exports.

In order to realize the rapid development of China's automobile export, three factors are very critical: first, maintaining good external relations and a relatively stable international trade order is crucial, which can provide important support for China's automobile industry to go to sea; Secondly, the fluctuation of exchange rate in the international trade market has a great impact on the profitability of automobile enterprises, and stabilizing the RMB exchange rate is of great significance to maintain the stable development of automobile exports; Third, Chinese automobile enterprises should increase the localization development of the international trade market and work together to create a stable trade environment for automobile exports.