Commercial vehicle export ushers in a golden age

From January to September 2022, 422000 commercial vehicles were exported, with a year-on-year growth of 39.2%. Although this achievement is lower than the 55.5% year-on-year growth of the auto industry export, it is far higher than the domestic commercial vehicle market where the sales volume dropped 34.2% year on year.
In 2022, the repeated COVID-19 and the turbulent international situation will lead to a serious imbalance between supply and demand of truck production worldwide, bringing huge growth to Chinese trucks with rapid capacity recovery. It is predicted that the export volume of trucks in China is expected to reach a new high this year, and the export volume of heavy trucks will exceed 150000. The market situation of domestic decline and foreign rise has made commercial vehicle enterprises realize the importance and urgency of overseas markets, and have increased the strength of export markets.

With the continuous improvement of export technology content, added value and brand strength, China's commercial vehicles will usher in the golden age of export in 2022, showing the new characteristics of both volume and price rise, and the growth rate of freight cars is higher than that of passenger cars. It has become the focus of China's commercial vehicle enterprises' export strategy adjustment to complement their technical weaknesses and accelerate their efforts to seize the international high-end market.

From January 2022 to August 2022, the export volume of Chinese passenger cars (ten seats and above) will be 29999, 4850 more than the same period in 2021, with a year-on-year growth of 19.3%; The export value was USD 1412.917 million, an increase of USD 321.85 million over the same period in 2021, with a year-on-year growth of 29.8%; The average export price is 47100 dollars/vehicle, an increase of 3700 dollars/vehicle over the same period in 2021.