The focus of China’s automobile exports has shifted from India and Africa to Europe and Southeast Asia
China's auto exports now concentrate on Europe and Southeast Asia, as opposed to India and Africa
【PhoneAuto News】On June 19th, PhoneAuto noticed that research firm Canalys released the latest data on China’s automobile exports. Among them, it was shown that the focus of China’s automobile exports has changed greatly compared to several years ago.
Canalys stated that since 2020, China’s automobile exports have been continuously increasing. In 2022, China surpassed Germany to become the world’s second largest automobile exporter, with a year-on-year growth of 55.3%. In the first quarter of 2023, China surpassed Japan to become the world’s largest automobile exporter. The growth of NEV exports is the core reason for the overall growth of automobile exports. Therefore, Canalys expects that China’s total automobile exports will reach 4.4 million vehicles in 2023, with NEVs accounting for more than 30%.
Currently, China’s new energy vehicle companies have many advantages, including a first-mover advantage in electrification and intelligence, sufficient production capacity, short product delivery times, high cost-effectiveness and product competitiveness, and a mismatched attack on foreign brands, lagging transformation of foreign brands, and technology research and development progress falling short of expectations, and so on.
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Currently, the core region of China’s automobile exports has shifted from regions such as Africa, Central Asia, and South Asia to economically developed regions and automobile industry developed regions such as Europe and Southeast Asia. Among them, China’s exports of light vehicles to Europe accounted for 5.9% of the total export volume in 2020, and had increased to 22% in 2022. China’s exports of light vehicles to Southeast Asia accounted for 7.6% of the total export volume in 2020 and 14.3% in 2022. At the same time, the average selling price of China’s exported automobiles has increased from 112,000 yuan in 2021 to 140,000 yuan, an increase of more than 25%.
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