New energy vehicle exports are expected to maintain rapid growth

New energy vehicle exports are expected to maintain rapid growth

On December 30, the Department of Foreign Trade of the Ministry of Commerce released the “High-quality Development Report of China’s Automobile Trade (2019)” (hereinafter referred to as the “Report”) predicts that the development of China’s automobile trade in the next few years will present Chinese brand auto companies to increase their overseas market presence. 2. The export scale of foreign-branded cars continued to expand, the pace of “going global” in the field of new energy vehicles was accelerated, the potential of second-hand car exports was further released, and the quality of imported cars and the development of new energy were developed.

In terms of overseas distribution of Chinese brands, the Report believes that, as the automobile industry continues to open to the outside world and the market continues to be sluggish, key Chinese brand car companies are accelerating the formulation and implementation of export and international development strategies. According to incomplete statistics, the production capacity of overseas factories of Chinese auto companies has exceeded 1.5 million units. SAIC Group (23.850, -0.03, -0.13%) plans to export 350,000 vehicles and overseas sales in 2020.

Regarding the export of foreign-branded cars, the Report believes that with the further expansion of China’s opening up to the outside world, the joint venture stock ratio of vehicle companies is gradually being liberalized. Major foreign-branded auto companies are considering adjusting the global market strategic layout, and holding existing joint ventures Companies or wholly-owned factories and other means are expected to expand the scale of automobile production and export in China.

Take Dongfeng Yueda Kia as an example. The company plans to continue to increase research and development investment in new energy vehicles, expand the export product camp, promote sales diversification, and focus on developing the “Belt and Road” countries and emerging markets. It plans to export more than 20,000 vehicles in 2019 and is expected to exceed 100,000 by 2025.

With regard to the “going out” of new energy vehicles, the “Report” believes that as energy conservation and emission reduction regulations in major countries become more stringent, new energy vehicles will gradually become the main area of ??future automotive market growth. In the next few years, China’s new energy (4.760, 0.00, 0. 00%) auto exports are expected to maintain rapid growth, and will become a new force driving the steady growth of China’s auto trade.

According to data released by the China Automobile Industry Association, China’s new energy vehicle exports in the first half of 2019 increased by 99.3% year-on-year. Among them, BYD (47.640, 1.64, 3. 57%) and other new energy buses have entered the developed countries such as Europe and the United States and Chile, Peru, Brazil and other emerging markets in batches. In 2018, new energy buses accounted for more than 20% in the European market and in the British market. The rate is over 60%.

Regarding the export of second-hand cars, the Report believes that with the continuous improvement of the quality of China’s auto products, the condition of second-hand cars has improved significantly. Central Asia, Africa, Southeast Asia and other developing countries have a great demand for cheap and reliable second-hand cars. The export potential of second-hand cars to emerging markets in China is large, and the export of second-hand cars will also drive the export of auto parts and maintenance services.

In October this year, the Ministry of Commerce, the Ministry of Public Security and the General Administration of Customs jointly issued the “Notice on Accelerating the Promotion of Second-hand Car Exports” to simplify the registration procedures for the transfer of second-hand cars to other locations. The export license was changed from “one vehicle and one license” “One batch of one certificate” applies to the national customs clearance integration model. The industry generally believes that related policies have completely opened the second-hand car export channel, and currently there are no policy obstacles in the domestic second-hand car export.

Cui Dongshu, secretary general of the Passenger Car Market Information Joint Committee, said that the state’s introduction of related policies on used car exports is a good opportunity for used car dealers. Used car dealers can use this to bulk purchase and storage and international transportation of used cars and then you can truly and efficiently explore overseas markets.

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