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Domestic car companies ranked first in terms of export volume, while passenger car exports declined for the first time.

2024-11-01 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)01/27 Report--

Under the influence of the global market economy, not only domestic sales have declined compared with the same period last year, but the overseas exports of domestic independent car companies have also declined for the first time in recent years. According to statistics released by the China Association of Automobile Manufacturers, domestic car exports in 2019 were 1.024 million, down 1.6 per cent from the same period last year. Of this total, the export of passenger vehicles was 725000, down 4.3% from the same period last year, and the export of commercial vehicles was 299000, up 5.7% from the same period last year.

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With the rapid growth of China's car sales in recent years, it has declined under the influence of the market in the past two years, but the export volume has been in a stable state since it first exceeded one million in 2012, with no obvious growth. It is worth noting that passenger car sales are growing while commercial vehicle sales are declining, which shows that self-branded car companies are gradually being accepted by the global market.

According to the data, the top 10 independent car companies in 2019 are SAIC, Chery, Dongfeng, BAIC, Changan, Great Wall, Geely, Jianghuai, Daqing Volvo and Sinotruk, exporting 285000, 96000, 86000, 80, 000, 68000, 65000, 58000, 45000, 44000 and 40, 000 respectively. Among them, Chery, Jianghuai export volume showed a sharp decline, while Geely, the Great Wall growth is more obvious.

As the largest car company in China and the largest SAIC Group in export volume, SAIC exported 285000 vehicles in 2019, a slight increase over the previous year's 277000 vehicles. Roewe, Mingjue, GM Wuling, Chase and so on, have been exported to Thailand, Indonesia, Australia, New Zealand, the United Kingdom and other countries. At present, SAIC has three overseas vehicle manufacturing bases in Thailand, Indonesia and India.

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Although Chery, which has always had outstanding exports, is still in second place this year, it has fallen sharply due to the decline in the global car market, with 127000 vehicles down 24% from the previous year. At present, Chery's export business covers more than 80 overseas countries and regions. Jianghuai's 75000 vehicles fell 15 per cent from the same period last year.

In addition to the above-mentioned car companies, all other car companies achieved year-on-year growth, with Great Wall and Geely showing the most significant year-on-year growth. The export volume of Great Wall was 65000 in 2019, an increase of 38.7% over the same period last year. At present, the Great Wall has covered Russia, South Africa, Australia and the Middle East, Africa, South America, Asia-Pacific and other regional markets, export models including Fengjun 5, Harvard F7 and so on. At the same time, last year, it became the first Chinese car company to sign a special investment contract with Russia, setting up a factory in Tula, Russia, and carrying out production and sales, with a cumulative investment of more than 13 billion yuan.

Geely exported 58000 cars in 2019, up 107% from 28000 in 2018. Although Geely sold less than 5% of its 1.36 million in 2019, its sharp increase in sales also means Geely's export prospects. At present, Geely has been exported to Belarus, Malaysia and other 16 countries, including Dihao, Borey, Boyue and so on.

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Although the volume of China's overseas export sales is still small, and there is still a big gap compared with the German, Japanese and American brands of foreign brands, as more and more independent car companies set up factories overseas for sales, it is believed that there is still room for improvement in the export volume of China's own-brand car enterprises.

Lang Xuehong, deputy secretary general of the China Automobile Circulation Association, said: "with the layout of car companies in overseas markets, their production capacity will also be gradually released, and car exports are expected to further expand in the future."

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