1.07 million vehicles! Surpass Japan in the first quarter! China is expected to become the world's largest automobile exporter this year

Clothing, household appliances, furniture and other "old three" have become the "past tense" of China's foreign trade exports.

According to a report from Beijing on May 15th, while the "old three types" industry is constantly upgrading,The "New Three Kinds", represented by electric manned vehicles, solar cells, and lithium batteries, saw an export growth of over 60% in the first quarter, which is driving the continuous optimization of China's foreign trade structure.

Data display,In the first four months of this year, China's total exports of electric passenger vehicles, lithium batteries, and solar cell "new three types" products exceeded 350 billion yuan, a year-on-year increase of 72%, driving up the overall export growth rate by 2.1 percentage points.Products with high added value and leading green transformation are becoming new growth points for China's exports. Gao Shiwang, spokesperson for the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, said that the future of the "new three samples" export is promising.

Image source: Photographed by journalist Zhang Jian (source image)

Because these industries have a deep industrial thickness, a large market capacity, and a large market space. Currently, these industries belong to a period of rapid growth in terms of industrial cycle. At this stage, from the perspective of demand and industry, the development speed can actually be expected. "said Gao Shiwang, spokesperson for the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products.

It is worth mentioning that among the "New Three Kinds", China's export volume of new energy vehicles is impressive. The above report mentioned that in Ningde, Fujian, the first batch of new energy vehicles were exported to Israel, achieving a new breakthrough in the export of new energy vehicles from Ningde Port from scratch. 700 new energy vehicles produced independently by enterprises and 25 large pure electric buses have been shipped overseas on large car ro-ro ships.

In recent years, we have continued to invest in key links such as design, manufacturing, and research and development, giving our own brand of new energy vehicles more confidence, "said Sha Hao, the head of the Fujian project sub center of a certain automotive logistics company's export vehicle project team, in the aforementioned report.

In fact, the strong performance of China's automobile exports has attracted widespread attention in the industry since the beginning of this year. Looking back at the path of China's automobile exports, in 2002, only 20000 vehicles were exported; In 2012, China's automobile exports exceeded one million vehicles for the first time; In 2021, China's automobile exports exceeded 2 million vehicles for the first time, reaching 2.015 million vehicles, surpassing South Korea and second only to Japan and Germany; In 2022, China exported 3.11 million vehicles throughout the year, surpassing Germany and becoming the world's second largest automobile exporter after Japan.

With the continuous upgrading of China's automotive industry and the industrial advantages brought by new energy vehicles, according to data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs,In the first quarter of this year, China exported 1.07 million vehicles, a year-on-year increase of 58.1%.24.81.1Data display,Japan exported 954000 vehicles in the first quarter,A year-on-year increase of 5.6%. The above data indicates that,In the first quarter of this year, China's automobile exports have surpassed Japan and are expected to become the world's largest automobile exporter this year.

Image source: Photographed by journalist Sun Tongtong (source image)

Data display,20181.2920221.896000

Data display,437.63.3%1.78.21.621.7%1.515.5

In April of this year, the General Office of the State Council issued the "Opinions on Promoting the Stability, Scale, and Structure of Foreign Trade", which clearly stated that to cultivate the advantages of automobile exports, local governments and business associations should organize direct customer docking between automobile enterprises and shipping enterprises, and guide automobile enterprises to sign medium and long-term agreements with shipping enterprises.

In relevant research reports, Bank of China Securities stated that benefiting from the continuation of China's comparative advantage in automobile manufacturing, coupled with the growth of overseas substitution demand, it has effectively supported the continuation of the high momentum of automobile exports since 2023.

Just a few years ago, Chinese cars were poorly designed and poorly crafted. Nowadays, they are on par with foreign brands in terms of design and manufacturing processes, and have even surpassed them in terms of software driven digital experiences, "Xinhua News Agency reported, citing a commentary from The Economist,The rise of Chinese cars is the most drastic change experienced by the automotive industry, which has a global annual revenue of nearly $3 trillion.

In the above report, a former Chrysler China executive said, "The only question now is how long it will take for Chinese car companies to 'conquer' markets in other countries around the world. We all know that this is a destined outcome

Journalists|Dong Tianyi

edit|Cheng Peng, Pei Jianru, Gai Yuanyuan

Proofreading|Duan Lian

Image source: Photographed by journalist Zhang Jian (source image)

Original article by Daily Economic News nbdnews |

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