From January to October 2024, China’s passenger car exports totaled 3.991 million units, a year-on-year increase of 30%, showing the huge potential of China’s auto export market.This achievement not only consolidates China’s position as a global automobile manufacturing power, but also provides strong support for Chinese automobile brands to go global.
In the increasingly fierce competition in the global automobile market, China’s independent automobile brands are actively seeking to expand in overseas markets in order to find new growth points in the new market environment.This trend is particularly prominent in the field of new energy passenger cars.
From January to October 2024, the export volume of new energy passenger cars reached 1,088,000 units, a year-on-year increase of 27.7% Although the growth rate is slightly lower than that of the overall passenger car export growth rate, this achievement is still remarkable considering that new energy models are still in the promotion stage in overseas markets.
The export of new energy vehicles not only brings broader profit margins for Chinese automobile enterprises, but also promotes the green transformation of the global automobile industry.
Leading Independent Brands in Automobile Exports
Among the many Chinese autonomous car brands that are actively going overseas, Chery, BYD, Geely, Haval and Changan are leading the way in terms of export volume, and they have taken their place in the overseas market by virtue of their respective strengths and characteristics.
Among them, Chery Automobile excels in fuel vehicle exports and has long been one of the mainstays of China’s auto exports.Its overseas hot-selling models, such as the Rui Hu 8, Rui Hu 7 and Rui Hu 5x, are well received by consumers in a number of markets around the world due to their cost-effective performance, stable quality and rich configurations.
Unlike Chery, which focuses on fuel SUVs, BYD’s export performance in the field of new energy vehicles is particularly eye-catching.As one of the global giants in the field of new energy vehicles, BYD has not only achieved great success in the domestic market, but also demonstrated strong competitiveness in the overseas market, and is a “premium product” in the eyes of many foreign consumers.
In 2024, BYD’s new energy vehicle exports continued to climb, with its hot-selling overseas models including Song PLUS new energy, Seagull, Seal, and Yuan PLUS.These models have won the favor of overseas consumers with their advanced battery technology, intelligent driver assistance systems and comfortable ride experience.
Autonomous New Energy Vehicle Export Ranking
Ranked 6-10: Song Pro New Energy, Dolphin, Destroyer 05, Omoda E5, and Rongwei eRX5. ranked 9th, the Omoda E5 (Omoda E5) exported 21,194 units from January to October 2024.It is a compact SUV from Chery that has been sold to Southeast Asia, Europe and other national and regional markets.
Ranking 1-5: Song PLUS New Energy, Seagull, Seal U, MG4 EV, and Yuan PLUS. BYD accounts for 7 of the top 10 autonomous new energy vehicle exports.
Among them, Song PLUS New Energy (Seal U) tops the list, with 77,657 units exported from January to October 2024, and is a compact SUV.The model has two versions, plug-in hybrid and pure electric, to adapt to different scenarios, and is priced at more than CNY300,000 in Europe.
In the face of competition in the international market, Chinese automobile enterprises must continuously carry out technological research and development and product upgrading to meet the diversified needs of consumers in different countries and regions.
This competitive pressure will prompt enterprises to increase investment in research and development, promote technological progress, so as to maintain a competitive advantage in the global market.Autonomous vehicles as long as they can accurately grasp the pulse of the market, give full play to their own advantages, the courage to innovate and make breakthroughs, will be able to break the waves in the vast ocean of the global automotive industry.
This article originated from:Tencent News
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