China's auto exports continue to grow at a high speed, with new energy vehicles becoming the main growth driver
Release time:
2023-07-28
China's auto exports continued to maintain strong growth. In the first half of the year, the export volume reached 2.343 million vehicles, a year-on-year increase of 73%, a brilliant performance. This growth momentum is mainly due to the rise of new energy vehicles, which has become the core growth point of exports. In the past few years, with the export of wholly-owned automobile enterprises, Chinese automobiles have successfully entered the markets of developed countries such as Europe and got rid of their dependence on the Asian and African markets.
China's auto exports continue to grow at a high speed, with new energy vehicles becoming the main growth driver
China's auto exports continued to maintain strong growth. In the first half of the year, the export volume reached 2.343 million vehicles, a year-on-year increase of 73%, a brilliant performance. This growth momentum is mainly due to the rise of new energy vehicles, which has become the core growth point of exports. In the past few years, with the export of wholly-owned automobile enterprises, Chinese automobiles have successfully entered the markets of developed countries such as Europe and got rid of their dependence on the Asian and African markets.
Of particular concern is that the export volume of new energy vehicles continues to rise. Exports of 224000 vehicles in 2020 have increased to 590000 vehicles in 2021 and 1.12 million vehicles in 2022. As of June 2023, the export of new energy vehicles this year has reached 800000, a year-on-year increase of 105. Among them, 770000 new energy passenger cars were exported, an increase of 113 percent over the same period last year, accounting for 96 percent of the total export of new energy vehicles.
At present, China's new energy vehicles are mainly exported to Western Europe and Southeast Asia. Western and Southern European countries such as Belgium, Spain, Slovenia and the United Kingdom have been the export highlights in the past two years, while Southeast Asian countries, especially Thailand, performed strongly in 2023. New energy models of independent brands such as SAIC passenger cars and BYD have also shown strong competitiveness in overseas markets.
In addition, China's export performance to the American market, especially Chile, is also worth mentioning. In addition, car exports to Russia have increased by 622, reaching 370000 in the first half of 2023 alone. The European market continues to maintain a steady and strong growth momentum.
On the whole, China's auto exports have shown strong vitality in the global market. The rise of new energy vehicles has become an important engine for China's auto exports, and has won a broader international stage for China's auto industry.
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