After China became the world’s largest auto exporter for the first time in 2023 with an export volume of 5,221,000 units, a number of media and market organizations have recently predicted that China’s auto export volume will be the world’s No. 1 for the second consecutive year in 2024.
Cui Dongshu, secretary-general of the China Federation of Passenger Car Associations, confirmed to the Global Times reporter that there is still one month left in 2024 to be counted, and that according to the current development trend, China’s automobile exports will continue to remain the world’s first “no problem”.
The performance of new energy vehicles also continues to shine, with China’s new energy passenger cars accounting for 68.9 percent of the world’s share in the first 10 months of this year.
China’s entire automobile industry 2024 development achievements are equally extraordinary, the export volume is essentially a natural extension of the overall Chinese automobile industry development strength, competitiveness.
According to statistics, this year’s annual automobile production and sales scale will continue to both remain above 30 million units, while China’s new energy vehicle production and sales this year stood at a new historical height of 10 million units.
In addition, China’s retail penetration rate of new energy vehicles has exceeded 50% for six consecutive months since July, and for the first time, two Chinese car companies were on the list of the top 10 global sales companies in the third quarter of this year.
Along with the increase in export volume, the rise in reputation and honor of Chinese automobiles in the global arena is also evident to all.
In a series of internationally renowned automobile exhibitions such as the Paris Motor Show, China’s new energy vehicles shine and become a highlight, foreign social media platforms to evaluate China’s new energy vehicles has also become a major hit, the first to experience China’s new energy vehicles on the foreign car owners have to praise.
According to the calculations of some organizations, the average manufacturing cost of Chinese new energy vehicles is 35% lower than that of similar vehicles in Europe or other major car-producing countries, and in a series of tests such as crash prevention, Chinese auto brands have shown excellent standards.
In fact, the increase in exports of Chinese cars, especially new-energy vehicles, is a good thing not only for global consumers who want quality goods, but also for the world’s entire green transition, as it is estimated that each new-energy vehicle reduces carbon by about 1.66 tons per year.
In the case of some countries’ hesitant energy transition, the booming development of China’s new energy vehicles has given the world’s energy transition a shot in the arm.
This year, Chinese car companies to Thailand, Spain, Mexico and other places to set up factories, production; Japan Toyota, Germany Volkswagen, the United States, General Motors and other veteran car companies have been optimistic about the future prospects of the Chinese market, through the establishment of factories and other ways to increase investment.
The flow of major automobile enterprises, reflecting the wave of globalization is the global automobile industry, “you have me, I have you” pattern has not changed, which is any “decoupling broken chain”, trade protectionism can not be blocked at all!This is a historical trend that cannot be stopped by any “decoupling and breaking the chain” or trade protectionism.
Needless to say, with the increase in China’s automobile exports, especially as it is about to reign as the world’s No. 1 automobile manufacturer, some traditional automobile manufacturers and automobile powerhouses have made some complicated public opinion reactions.
The modern automobile industry has continued to develop and progress over the course of more than 100 years, relying mainly on market competition.The increase in the export volume of Chinese automobiles, especially new-energy vehicles, relies on the advantages of the whole industrial chain as well as the comprehensive competitiveness consisting of technological innovation, product quality and price advantages, and thus gains the favor of global consumers.
It is irresponsible and distorted to interpret the current market competition difficulties encountered by some traditional automobile enterprises in a politicized way, or even as a generalized “China’s responsibility theory”, which is an irresponsible and distorted interpretation of the changes in the pattern of the global automobile market.
China’s auto industry has developed in an open and cooperative international environment, and hopes to continue to promote equal competition and cooperation with all parties in an open and cooperative environment.
Many international automobile brands have shared the dividends of China’s reform and opening up, and now with the development of new energy vehicles, China is becoming an important focus of competition and innovation in the global automobile industry, and Chinese and foreign automobile enterprises can still create a win-win road in competition and cooperation.
Volkswagen and Toyota are accelerating their in-depth cooperation in China to jointly promote the research, development and application of electrification technology, and Chinese car companies are also actively going out to increase their overseas layout, deepen their cooperation with the local supply chain and production cooperation.
The way to cope with the profound changes in the global automotive landscape is to share big opportunities in jointly promoting big changes.
Article source: Global Network
