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Passenger car exports ranked in the first half of the year: Geely cars surged 34.4% year on year.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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The coldness of the car body has not subsided, and the car companies are suffering. As the domestic auto market faces a cold winter, exporting cars has also become a key channel to boost sales. In a global market where the home field advantage has been lost, maintaining a record of exceeding one million vehicles is good news for China's automobile exports.

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Even though the domestic auto market has been shrouded in the cold winter, there does not seem to be much pressure on the export business.

Although statistics from the China Association of Automobile Manufacturers show that from January to July, my country's automobile companies exported 569,000 vehicles, a decrease of 6.3% from the same period. However, according to the statistics of the General Administration of Customs, exports increased year-on-year in the first half of this year. A total of 560,000 vehicles were exported from January to June, a year-on-year increase of 4%.

Among them, the one with the best export volume in the first half of the year was SAIC Motor. The cumulative export volume in the first half of the year reached 130,000 vehicles, a year-on-year increase of 104%, surpassing other car companies by many. This also benefits from the fact that SAIC adopts 1 or 2 best-selling models, then selects its most well-known local brands to rebrand, and then expands in various markets. This not only allows the product line to be quickly expanded at the lowest cost, but also avoids the need to re-create Brand embarrassment.

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The export data of other leading companies are still very "beautiful" and generally achieved substantial growth. For example, Geely Auto exported 43,000 vehicles, a year-on-year increase of 280%; Great Wall Motors exported 38,000 vehicles, a year-on-year increase of 35.7%; Shaanxi Automobile exported 15,000 vehicles, a year-on-year increase of 143.5%. It is somewhat regrettable that the export volume of Chery, a "big exporter", declined from January to July, with a year-on-year decrease of 30.2%.

“You can’t just be an ‘top student’ at home.” Wei Jianjun, chairman of Great Wall Motors, once said that if Chinese brands don’t “go global,” they will have no international influence. After releasing Haval’s “5-2-1” globalization strategy at the beginning of this year, Great Wall Motors has begun a critical year to compete in the global market.

Cui Dongshu said that the current main markets for China's automobile exports are Brazil, Algeria, the United Arab Emirates, Russia and Iran. An industry insider told reporters that the factors involved in automobile exports are relatively complex, and good products are not guaranteed to be exported.

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In the first half of this year, new energy exports have gradually become a new driving force for Chinese automobiles to go global. Data shows that 110,000 new energy vehicles were exported, a year-on-year increase of 167%. Although lower technology last year is the key to this year's growth, we have to admit that China's new energy vehicles are constantly improving in international competitiveness. In the first five months, export volume increased by 67.7% year-on-year. However, from the perspective of product structure, the degree of two-level differentiation is very serious.

In addition, at the end of April this year, the Ministry of Commerce, the Ministry of Public Security, and the General Administration of Customs jointly issued the "Notice on Supporting the Development of Used Car Export Business in Areas with Mature Conditions", and the first batch was approved to carry out the business. Regions with second-hand car export business have begun to rapidly promote their second-hand car export business. Therefore, on July 18, Zhongjin Automobile (Tianjin) Imported Automobile Trading Co., Ltd., a subsidiary of SINOMACH, successfully completed the first used car export from Tianjin Port.

Although the transaction volume of the second-hand car market has not yet reached half of the sales of new cars, it can still maintain a year-on-year growth of 3.93% in the cold winter of the car market. Coupled with the promotion of policies, there is huge room for development.

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For a major automobile country with a production and sales capacity of 27 million, China's automobile exports have not yet entered the second half. If only numbers are used as the standard, the export volume only accounts for domestic Less than 5% of the total automobile volume is enough to prove that China's automobile export business is far from reaching the level it should be for this volume. However, the export business in the Chinese market still has a lot of room for growth. For independent brands and new energy brands, export may be the next market outlet.

 

 


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