Automobile exports have entered a period of rapid growth

In recent years, China's automobile export has shown explosive growth.

Before 2020, China's auto exports will hover around 1 million units for about 10 years. In 2021, domestic auto exports skyrocketed to more than 2 million units, surpassing South Korea to become the world's third largest auto exporter. In 2022, China's auto exports hit a new high of 3.11 million units, overtaking Germany for the first time to become the world's second largest auto exporter. In the first quarter of this year, China's car exports easily passed the million mark, overtaking Japan to become the world's largest auto exporter.

The federation predicts that domestic automobile exports will reach 4 million units this year, surpassing Japan as the world s largest automobile exporter.

Why can China auto export achieve rapid growth for several years? "The fundamental reason for the growth in overseas exports is that the competitiveness of Chinese brand cars has increased significantly," said Xu. At present, there is not much gap between Chinese brands and joint ventures in appearance design, product quality management and control system, supply chain quality and efficiency management, service system development and innovation. Even in the new energy, intelligent connected car products more than the joint venture car products. Such products can attract foreign consumers and expand exports.

In the past three years, affected by the Black Swan event, the overseas automobile supply chain has been severely affected, and the shortage of automobile production and supply in some countries has also provided growth opportunities for China's automobile export. "China's sound domestic industrial chain and increasing competitiveness of auto companies have made up for the shortage of overseas auto production supply and helped boost the export surge of Chinese passenger cars and some types of commercial vehicles," Zhou said. "Data shows that many automakers, such as SAIC, Tesla China, Chery and Changan, are doing well in exports."

In terms of export value, the General Administration of Customs data compiled by China Automobile Association shows that in the first quarter of 2023, the top 10 countries in terms of export value of Chinese auto goods are Russia, the United States, Mexico, the United Kingdom, Belgium, Japan, Australia, Germany, the United Arab Emirates and South Korea.

It is reported that there are two reasons for the largest amount of car exports to Russia: first, European car manufacturers chose to withdraw from the Russia-Ukraine crisis, while Chinese brands seized the opportunity to enter the Russian market; Second, China's new energy exports have become more competitive. In addition, the forward-looking layout of Chinese independent brands represented by Chery and Great Wall helps auto companies seize market opportunities quickly.

As we all know, the United States is a powerful auto industry, why can a large number of Chinese cars export to the United States? It is understood that the exports to the United States are mainly joint venture brands, specific models are Changan Ford Focus, SAIC GM Envision, SAIC Cadillac CT6, Guangqi Honda Fit and other models.

"China has formed a mature auto industry chain with strong economies of scale. Tesla China and some traditional joint venture brands, such as Changan Ford and SAIC General Motors, also choose to take advantage of domestic cost and industrial chain advantages to manufacture in China and export to developed economies, including the United States." The fringed plume represents.