AutoBeta(AutoBeta.net)09/13 Report--

According to the China Association of Automobile Manufacturers, China's car exports in August 2024 were 511000, an increase of 25.4 per cent year on year and 9 per cent month-on-month. Of this total, the export of passenger cars was 438000, up 25.6 percent from the same period last year and 9.7 percent from the previous month.

According to data compiled by third-party media, China's top 10 car brands in export volume are Chery, Geely, Harvard, BYD, Mingjue, Tesla, Chang'an, Kia, Jetway and Volvo in August 2024.

Among them, Chery topped the list with sales of 77100 vehicles, becoming the only brand on the list with export sales of more than 70, 000 vehicles. Among the subdivided models, Chery's four models, including Ruihu 7, Ruihu 5X, Ruihu 8 and ou Mengda, all entered the top 10 of the export model list, with the largest number of models on the list, with sales of 17400, 14500, 8800 and 8400 respectively. In addition to the top 10, Ruihu 3x and Arize 5 entered the 14th and 18th places on the list. Sales were 7200 and 6400 respectively.

Geely and Harvard were closely followed, exporting 43600 and 30800 vehicles in August, of which Geely Boyue L ranked second in the list, with 15200, up 108.2 percent from the previous month, colorful Yue ranked eighth with 9600, and Dihao ranked 17th with 6700. The Harvard brand made the list with only one model in August, the first love of Harvard, and ranked fifth with sales of 13100 vehicles.

BYD ranked fourth, with 31200 vehicles, and only Song PLUS entered the top20 list of export cars, with 7700 vehicles, ranking 13th. Mingjue ranked fifth, the only brand in the top five showing a month-on-month decline, falling 13.1 per cent to 28200 vehicles, with ZS and Mingjue 3 ranking fourth and 11th respectively, with sales of 13300 and 7900 respectively.

Tesla ranked sixth on the list, with the biggest decline among the top 10, with export sales falling 16.7 per cent to 23200 vehicles in August from the previous month, while export sales of its Model 3 and Model Y fell 46.2 per cent and 115.0 per cent, respectively, to 12300 and 11000, respectively. For comparison, Tesla's export sales in July were 27900, up 137.4% from the previous month, making it the brand with the highest increase on the list. Among them, Model 3 soared 155.9% month-on-month to 22800, ranking first on the list of export models in July.

In addition, Changan, Kia, Jetta and Volvo all entered the top 10, with export sales of 21000, 16200, 14600 and 14500 respectively, of which Volvo soared 221.6% month-on-month, particularly significantly, with the highest increase on the list.

In addition to the top 10, Jianghuai Automobile, Baojun, Roewe, Buick and Hyundai ranked 11th to 15th respectively, with export sales of 14200, 14100, 9300, 7000 and 6000 respectively, of which Roewe dropped 2.6% from the previous month, while the other four brands all increased. While Ji Xing, GAC MOTOR, Wuling, Lincoln and Xingdu entered the 16th to 20th places on the list, with export sales of 6000, 4900, 4800, 4600 and 4600 respectively. Among the five brands, only Wuling increased by 57.3% from the previous month, while the other four all showed varying degrees of month-on-month decline.

Overall, the export performance of major brands in August was still mixed, with Volvo and Hyundai performing more brightly. Extending the time to the first eight months of this year, the data show that in the first eight months of this year, China exported 3.773 million cars, an increase of 28.3 percent over the same period last year, of which 3.176 million passenger cars were exported. From the overall market level, the current domestic export car sales continue to maintain high growth, which also shows that the competitiveness of Chinese cars in the international market has been recognized.

For Chinese car companies, going to sea is the only way to be strong, and the export of China's own brands has become more and more advantageous. But at the same time, there are also difficulties. On August 20, the European Commission adjusted tariffs on electric cars in China. Among them, BYD, Geely Automobile and SAIC will levy 17.0%, 19.3% and 36.3% respectively, 21.3% for other cooperative companies and 36.3% for other non-cooperative companies. Tesla, as a Chinese exporter, implements a separate tariff rate of 9% at this stage. Compared with the previously announced tax rate, BYD cut by 0.4 per cent; Geely by 0.7 per cent; SAIC increased by 1.8 per cent; and 17 other companies working with EU investigations also raised the tax rate from 20.8 per cent to 21.3 per cent. Tesla enjoys a 9 per cent separate special countervailing rate. Industry insiders believe that if the EU implements high tariffs, it will undoubtedly pose a challenge to China's electric car exports in the short term, which will not only increase export costs, but also weaken price competitiveness.

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