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Economy

What do you think of new energy vehicles going to sea

2023-06-26   

From a global perspective, automobile giants are often automobile exporting countries, which is also the only way for China to become an automobile powerhouse. Since this year, the volume and price of China's automobile exports have risen together. The latest data just released in May shows that China's automobile exports, especially Alternative fuel vehicle, continue to grow at a high speed. In recent years, China's international competitiveness of new energy vehicles has been continuously improving, favored by overseas consumers, and car companies have actively seized opportunities to vigorously explore overseas markets. Why does China's export momentum of new energy vehicles continue to be strong? What changes have car companies gone through when they go overseas? How should we respond to the storms in the international market? In recent times, there have been many topics related to automobile exports, and the "going to sea" of domestic cars, especially new energy vehicles, is no longer an isolated phenomenon. With China's automobile production and sales ranking first in the world for 14 consecutive years, and new energy vehicle production and sales topping the world for 8 consecutive years, Chinese brands have gained widespread market recognition with their rich product types and excellent product quality through the "lane changing overtaking" of new energy vehicles. Their market share continues to break through, their influence continues to increase, and they are driving Chinese cars, especially new energy vehicles, to accelerate their "going global". According to data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in 2021, China's total automobile exports exceeded 2 million vehicles for the first time, reaching 2.015 million vehicles, surpassing South Korea and ranking behind Japan and Germany; Among them, 310000 new energy vehicles were exported, a year-on-year increase of three times. In 2022, China's automobile exports reached 3.11 million units, a year-on-year increase of 54.4%, surpassing Germany to become the world's second largest automobile exporter; The export volume of new energy vehicles climbed to 679000 units, a year-on-year increase of 1.2 times. Entering 2023, China's automobile exports continue to maintain a high growth momentum. In the first quarter, automobile exports increased by 70.6% year-on-year to 994000 vehicles, successfully surpassing Japan's 954000 vehicles; The export of new energy vehicles also reached 248000 units, a year-on-year increase of 1.1 times. In the first five months, China's automobile exports have reached 1.758 million units, a year-on-year increase of 81.5%; Export of 457000 new energy vehicles, a year-on-year increase of 1.6 times; The export value of automobiles reached 266.78 billion yuan, a year-on-year increase of 124.1%. The Joint Conference on Passenger Car Market Information predicts that China's automobile export scale will reach a level of 4 million units this year. Some foreign media believe that China is expected to surpass Japan as the world's largest automobile exporter this year. More confident in standing on the world stage, "China's automobile and new energy vehicle exports have achieved explosive growth, indicating that the Chinese automobile industry has undergone some fundamental changes from quantitative to qualitative." Xu Haidong, Deputy Chief Engineer and Minister of Industry Research Department of the China Association of Automobile Manufacturers, said, The Chinese automobile market is becoming a unique single market with different development cycles and characteristics, and Chinese brands are entering a new stage. Wang Du, Assistant President of the China Automobile Distribution Association, also believes that Chinese brand automobile exports have ushered in a period of new energy development opportunities. In terms of fuel vehicles, compared to developed countries, our product technology is still in a backward state, while new energy technology is relatively advanced. In addition, markets such as Europe are currently relatively scarce in resources

Edit:Hou Wenzhe Responsible editor:WeiZe

Source:economic daily

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