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Catch up with Japan! Global first! China's auto exports open wild mode
Jan 03,2024
"It is a foregone conclusion that the annual export volume of (Chinese cars) will exceed that of Japan," Kyodo News quoted the latest data released by the Japan Automobile Manufacturers Association as saying that China's automobile export volume is expected to surpass that of Japan in 2023, becoming the first in the world for the first time.
It is worth noting that,Earlier, several agency reports had predicted that,China is expected to overtake Japan this year to become the world's largest auto exporter.
4.412 million!
Kyodo News AgencyIt was learned from the Japan Automobile Manufacturers Association on the 28th that Japan's automobile exports from January to November this year were 3.99 million.According to the report, according to the previous statistics of the China Association of Automobile Manufacturers,From January to November, China exported 4.412 million cars,Therefore, it is a foregone conclusion that China's annual export volume will exceed that of Japan.
According to the report, based on comparable data from countries provided by the Japan Association of Automobile Manufacturers and other sources, this is fromJapan was pushed out of the top spot for the first time since 2016.
The reason is that Japanese media believe that Chinese manufacturers have improved their technical capabilities with the support of their own governments and achieved export growth of low-cost and high-quality pure electric vehicles.In addition, in the context of the crisis in Ukraine, the export of gasoline vehicles to Russia is also growing rapidly.
Specifically, according to the statistics of the China Automobile Association, by model, this yearFrom January to November, China exported 3.72 million passenger cars, up 65.1 percent year-on-year, and 692000 commercial vehicles, up 29.8 percent year-on-year. In terms of power system types, in the first 11 months of this year, the export volume of traditional fuel vehicles was 3.32 million, an increase of 51.5 percent over the same period last year; the export volume of new energy vehicles was 1.091 million,year-on-year growth83.5%。
In terms of business performance, this yearFrom January to November, among the top ten Chinese vehicle exporters, in terms of growth rate, BYD exported 216000 vehicles, an increase of 3.6 times over the same period last year; Chery exported 837000 vehicles, an increase of 1.1 times over the same period last year; and Great Wall exported 283000 vehicles, an increase of 84.8 per cent over the same period last year.
China is about to become the world's first
Kyodo news agency mentioned that China's auto exportsBy 2020, it will remain around 1 million vehicles,then rapidly increased,It will reach 2.015 million in 2021 and jump to 3.111 million in 2022.
Today, from ChinaThe export volume of "new energy vehicles" has not only increased in European markets such as Belgium and the United Kingdom, but also made progress in Southeast Asia, which Japanese companies regard as an important market.
Early inIn March, Chinese cars showed a catch-up momentum. Data show that China exported 1.07 million cars in the first quarter, up 58.1 year on year. According to data from the Japan Automobile Manufacturers Association, Japan exported 954000 cars in the first quarter, an increase of 5.6 percent over the same period last year.In the first quarter of this year, China has surpassed Japan in automobile exports to become the world's largest automobile exporter.
The South Korea "Korean Daily" published an article at the time lamenting the changes in the reputation and market share of Chinese cars."Chinese cars were just cheap copycat cars more than a decade ago... but recently, not only small cars, but also Chinese electric cars have more and more evaluations of price competitiveness and performance."
The report says,"China's auto exports surpassed South Korea for the first time in 2021. Last year, it surpassed Germany to become the world's second largest exporter. In the first quarter of this year, it actually surpassed Japan."
According to Bloomberg this month27 forecast,In the fourth quarter of 2023, BYD tram sales are expected to surpass Tesla and become the world's first.
U.S. Business Insider uses data to prove this upcoming crown handover:In the third quarter of this year, BYD's electric car sales were only less than Tesla's.3000 cars,When the fourth quarter of this year data in the next yearWhen it was announced in early January, BYD was likely to overtake Tesla.
Bloomberg believes that compared with Tesla's high price, BYD's high-selling models are more competitive than Tesla in terms of price. The report quoted the forecast of investment institutions as saying that although Tesla is still ahead of BYD in terms of revenue, profit and market value, these gaps will be significantly reduced next year.
"This will be a symbolic turning point for the electric vehicle market and will further confirm China's growing influence in the global automotive industry."
China Becomes Largest Auto Exporter
With the steady recovery of new energy vehicle market demand, after the export data in the first half of this year,International rating agency Moody'sAccording to the calculation released in August, compared with Japan, the average monthly gap of China's automobile export volume in the second quarter was about 70000 vehicles, far lower than that of nearly 171000 vehicles in the same period last year, and the gap between the two sides is narrowing.
On November 23, a report released by the German Automobile Market Research Institute also showed that Chinese automakers continued to perform strongly in the field of electric vehicles.
The report points out that in the first three quarters of this year, Chinese car companies sold a total of cars abroad.3.4 million cars, exports have exceeded Japan and Germany, growing rapidly. Among them, electric vehicles accounted for 24% of exported vehicles, more than double last year.
The Moody's report believes that in addition to the surge in market demand for electric vehicles, one of the reasons for the rapid growth of China's auto exports is thatChina on electric car production costshas significant advantages.
The report pointed out that China produces more than half of the world's lithium supply, and China also owns more than half of the world's metals. Compared with competition from Japan and South Korea, China's labor costs are also lower.
"In fact, the speed of China's adoption of new technologies in the automotive industry is unparalleled." Moody's economists said.
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