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From Export Trade To Local Production, Chinese Cars Have Gone To Sea To Find New Routes

October 29, 2024
According to the latest data released by the China Association of Automobile Manufacturers, China exported 443,000 vehicles in January 2024, an increase of 47.4% year-on-year.
 
 
 
In fact, in 2023, China's auto exports have been "leading all the way", an increase of 57.9%, surpassing Japan for the first time, ranking first in the world.
 
 
 
Among them, the annual export of new energy vehicles was 1.203 million, an increase of 77.6%.
 
 
 
The domestic market has become white-hot, and the overseas market has become the sweet cake for Chinese car companies to go to sea to seek gold
 
 
Among the top 10 countries in automobile exports, the Russian market performed strongly, growing 5.5 times year-on-year. The sales of new energy vehicles to Belgium, Thailand and Spain are growing significantly.
 
 
 
From a regional perspective, Europe has a highly inclusive and mature automotive industry base, while the penetration of electric vehicles in Southeast Asia is relatively low, and the local automotive industry is in a relatively weak position.
 
 
 
This makes Europe and Southeast Asia becoming the main battlegrounds for the overseas expansion of Chinese automobiles, especially new energy vehicles.
 
 
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