China’s auto exports soar

China's auto exports soar

According to the customs import and export data released by the General Administration of Customs, the monthly export of automobiles reached 230,000 in May, a year-on-year increase of 35%; from January to May, the export was 1.08 million, a year-on-year increase of 43%.

The comparison of another dimension of this data is even more surprising. From January to April, Germany exported 795,000 cars, and Japan exported 1.126 million cars. Considering the lack of supply in the European car market, China exported 795,000 cars in the first five months of this year. The export volume of automobiles has surpassed Germany, ranking second.

Of course, in 2021, the total number of new cars exported by China will already reach 2.015 million, ranking third in the world. The export volume of 1.06 million vehicles in 2020 has almost achieved an increase of 100%. Japan, which ranked first, sold 3.82 million vehicles, followed by Germany with 2.3 million vehicles. This is also the first time that my country’s auto exports have exceeded 2 million units, achieving a breakthrough that has been hovering around 1 million units for many years.

Another data comes from the General Administration of Customs: from January to April 2022, the top ten countries in China’s auto exports by value are the United States, Mexico, Japan, Belgium, Russia, South Korea, Germany, the United Kingdom, Australia and Saudi Arabia. It is not difficult to find, economically powerful countries such as Europe and the United States have become the export destinations of Chinese auto products.

“Currently, there is a serious shortage of cars around the world.” At the June data conference of the Passenger Federation, Cui Dongshu, secretary-general of the Passenger Federation, bluntly said when talking about export data that the lack of cores and resources around the world has led to the production of automobiles in Europe, America, Japan and other countries reduce. However, the market demand in Southeast Asia and other places is still strong. In recent years, China’s automobile industry has greatly increased its product strength, filling the gap of insufficient supply in the global automobile market, thus bringing about a huge increase.

According to data from AutoForecast Solutions (AFS), an auto industry data forecasting company, as of May 29, the global auto market has cut production by about 1.98 million vehicles this year due to a shortage of chips. AFS predicts that the cumulative reduction in the global auto market will climb to 2.79 million units this year.

AFS said that from a regional point of view, so far this year, China has reduced production by 107,000 vehicles due to core shortages, which is not too large. Europe is still the region with the largest cumulative reduction in vehicle production due to core shortages.

Judging from the export data of domestic car companies, it does show a good growth momentum. According to data from the China Passenger Transport Association, exports of self-owned brands reached 141,000 vehicles in May, a year-on-year increase of 77%. SAIC, Chery, Great Wall, Geely, Changan, Dongfeng and other car companies are the vanguards of their own brand car exports.

SAIC Motor’s production and sales report shows that in May, SAIC’s overseas sales reached 86,000 units, a year-on-year increase of 97%. From January to May, the cumulative overseas sales volume was close to 300,000 units. SAIC’s own brand has ranked among the top 10 single-brand sales in 18 countries around the world, including Australia, Saudi Arabia and Mexico. In the European market, the monthly sales of SAIC’s own brands increased by even more than 200% year-on-year. SAIC even announced that its export target for 2022 is as high as 800,000 vehicles.

Not only SAIC, but also Chery Holding Group, according to data provided by China News Weekly, exported 27,400 vehicles in May, a year-on-year increase of 41.1%. From January to May, Chery Group exported a total of 112,400 vehicles, a year-on-year increase of 18.4%, setting a new record for the same period in history. Many star products of Chery, Xingtu and Jietu under the Chery Group have gone overseas. Among them, Tiggo 8 series exported a total of 17,600 units from January to May, a year-on-year increase of 21.8%. “In some overseas countries, Chery products represented by Tiggo 8 are also used as presidential vehicles and state-level reception vehicles,” Chery said.

“In the future sales of Changan, the overseas market share will exceed 30%.” Zhu Huarong, chairman of Changan Automobile, expressed his determination. In the first four months of this year, Changan Automobile’s export sales accounted for 13% of total production, compared with 5% last year.