Currently we export familiar information, that is, photovoltaic products, power batteries and new energy vehicles new three, has replaced clothing, furniture and electrical appliances old three, become the main force of China’s export trade, as well as our automobile exports in 2023 to reach 5.22 million units, formally exceeded Japan, among the world’s top exporters, thought that the new energy vehicles is the main force of our exports.
However, this is just an illusion, because from January-September 2024 export data, exports of traditional fuel vehicles reached 3.384 million units, accounting for nearly 80% of the total 4.31 million units of automobile exports, in the domestic fuel vehicle market continues to be squeezed environment, exports have become a lot of fuel vehicle enterprises incremental path, of which Chery Automobile is a leader, who sells fuel vehicles overseas more and more vigorously, 2024The sales volume in the first 10 months of the year has exceeded 940,000 units, accounting for nearly half of Chery Group’s sales.
So where is China’s automobile exports to?The answer is Russia, because after the outbreak of the Russian-Ukrainian war, Western sanctions, the latter car brands have retreated, leaving the blank market basically seized by us, in 2023 the whole car exports to Russia reached 900,000 units, to 2024 January-September sales have reached 849,951 units, is expected to be more than 1 million units of annual sales is not a problem.
Followed by Mexico 35346 units, but this is more like a springboard into the U.S. market, as if our goods to be shipped to Vietnam to stamp, and then exported to the United States in the name of Vietnam’s production, because Mexico has a tariff preference within the North American Free Trade Area (NAFTA), and our direct exports are subject to 100% tariffs, which is a kind of secret way of operating.
The tail market comes next, with 23,819 units in the UAE, 21,754 units in Belgium, 205,416 units in Brazil, 185,089 units in Saudi Arabia, 150,737 units in the UK, 13,371 units in Australia, 122,706 units in the Philippines and 102,395 units in Turkey, of which Russia and Brazil have become the core regions of China’s incremental automobile exports, and the EU, the U.S. and Australia have seen a decline because of thetrade war saw a decline.
Take Chery Automobile as an example, the key layout of the market is Russia, Brazil and the Middle East, these three regions are typically characterized by oil-rich areas, to put it bluntly, refueling is as cheap as adding water, coupled with the establishment of a partnership with us, and so it has become the core market for the growth of our fuel-vehicle exports.
On the contrary, the Chinese cultural circle in Southeast Asia, although Geely and other car companies layout Thailand for many years, but have not made a breakthrough, there is also a large population in South Asia, but because of India’s harsh import tariffs to protect, but also blocked the pace of our automobile exports, and then again in Africa because of the immaturity of the market has not yet formed the purchasing power.
Finally, the EU, we export the main car company is SAIC Group, operating brand is also acquired from the United Kingdom MG, so it is relatively easy to be accepted by the EU countries, while the export of electric vehicles accounted for only 20%, so the EU imposed tariffs on electric vehicles seems to be a bit of a fuss, is that we want to use this as a guise to promote our car companies to the EU to build factories, and our car companies to invest in solving the problem of employment.
And at the same time to promote the maturity of their electric vehicle industry chain, and then rely on chip technology leadership to push back to seize the Chinese market.Their electric car industry chain maturity, and then rely on chip technology leadership, push back to seize the Chinese market.
In fact, our new energy vehicle industry advantage is the result of many years of layout, the earliest can be traced back to 2009, but also to break the U.S. petrodollar and the European Union carbon credits double exploitation.
and now it is even more so that they lifted a stone and stoned their own feet, when we formed the upper reaches of the processing of mineral raw materials, power batteries to the lower reaches of the complete industrial chain of the whole vehicle, but also in each industrial chain links are dominant, they only thought of going to China, and the Chinese.This is already impossible, just like the past fuel car we depend on them, the future of the new energy car they must depend on us.
This article originated from: Cat View Car
