China has become the world's largest auto exporter for the first time

Going overseas has become a new engine for growth in China's auto market. In the first quarter of this year, China became the world's largest auto exporter for the first time, overtaking Japan and Germany. In the first three months of this year, China exported 1.069 million new cars, overtaking Japan, which had been the world leader in auto exports, with 1.047 million vehicles shipped in the first quarter.

An analysis of export composition by China Business News reporters found that Tesla China, SAIC Motor, Chery, Geely, Great Wall, Changan and BYD are the "biggest exporters" of automobiles.

It is worth noting that the export of new energy vehicles is an important part of China's automobile export. In 2022, China's auto exports reached 3.11 million units, up 54.4 percent year on year, of which 679,000 were new-energy vehicles, up 120 percent year on year. In the export of new energy, Tesla has contributed a lot of export shares.

Xu Haidong, deputy chief engineer and head of the industry research department of the China Association of Automobile Manufacturers, told reporters, "China's new energy vehicle products have been exported to developed countries, and the unit price of the products has also risen significantly. A large number of Chinese new energy vehicles are exported to Europe and other developed regions, such as Belgium, the United Kingdom, Germany, France and Norway. The average price of our products in Western, northern and Central European markets is around $30,000.

"Thanks to the policy drive and the active participation and efficient development of enterprises, most of our independent brands have the first-mover advantage in electrification and intellectualization. Coupled with the improvement of the domestic new-energy automobile industry chain and the explosive growth of the new-energy automobile market, domestic new-energy automobile manufacturers continue to enhance the international competitiveness of their products. We have the ability to penetrate the established auto industry base markets such as Europe." Fitch Boyard business Department deputy director Zhou Wenyu interview pointed out.

It should be noted that although automobile exports have increased significantly in recent years, companies that "increase revenue and increase profits" are still rare. As for going to sea, independent brands should be prepared for a long time to "stick hard and fight the battle".