Economy

In the first two months of this year, car exports from multiple regions increased significantly year-on-year, and domestic new energy brands were favored by overseas consumers

2023-03-20   

On March 17th, Changsha Customs released statistical data. In the first two months of this year, Hunan exported 11876 vehicles, a year-on-year increase of 233.7%, and the export value was 2.5 billion yuan, a year-on-year increase of 200.2%. The reporter from Securities Daily learned that not only Hunan, but also Guangdong, Zhejiang, and Shanghai saw significant year-on-year growth in automobile production and sales over the same period. Among them, domestic independent brands of new energy vehicles are outstanding due to their advantages such as cost performance, and have won widespread praise at home and abroad. According to the statistics of Changsha Customs, the countries along the "the Belt and Road" are the largest markets for Hunan's automobile exports. In the first two months, Hunan exported 8767 vehicles to countries along the "the Belt and Road", accounting for more than 70% of the total exports. The export of 7079 vehicles to Europe increased by more than four times year-on-year, with exports to Eastern Europe accounting for 74.7% of the total exports to Europe. Among them, domestic independent brands have made outstanding achievements, such as BYD Changsha, which ranked first in the export of electric carrier vehicles in Hunan Province in the first two months, mainly sold to countries such as India; Geely Hunan ranks first in the export of traditional fuel vehicles, mainly sold to places such as Belarus. Not only that, but also many places have also heard the good news of a year-on-year increase in foreign exchange earnings from automobiles going to sea. On March 17th, the Zhejiang Provincial Bureau of Statistics released data that in the first two months of this year, Zhejiang's exports of electric vehicles and lithium ion batteries increased by 84% and 130%, respectively. On March 18, the Guangdong Branch of the General Administration of Customs released data that the export of electric passenger vehicles in Guangdong increased 15.4 times in the first two months of this year. On the same day, the Nansha Automobile Port of Guangzhou Port announced that in the first two months of this year, the export volume of Nansha Automobile Port increased by 93% year-on-year. In addition, many domestic independent brand car manufacturers have also released good news. Recently, BYD announced that British electric vehicle company Octopus EV will purchase 5000 electric vehicles from BYD within the next three years. According to data released by BAIC Group, in the first two months of this year, BAIC Group exported a total of 24000 complete vehicles, a year-on-year increase of 61.34%. Among them, the export of BAIC International in the autonomous passenger vehicle sector increased significantly by 132.7%. SAIC Motor Group revealed that its overseas sales exceeded 160000 vehicles in the first two months of this year, with a year-on-year growth of 31.9%. SAIC Motor Group's overseas market will hit the sales target of 1.2 million this year. It is reported that in 2022, China's automobile exports reached 3.4 million units, surpassing Germany and becoming the world's second largest automobile exporter. This is the first time that China has surpassed Germany in this figure. After entering 2023, China exported 301000 vehicles in January, surpassing Japan's 256200, and China's automobile export volume has become the world's largest. Changsha customs staff told reporters, "The rapid growth of Hunan's automobile exports is not accidental. Hunan has formed a clustering effect in the new energy vehicle industry chain, and its exports to overseas have surged, proving that Hunan's independent brand cars have been recognized by overseas consumers in terms of cost performance." Professor Cao Erbao, associate dean of the School of Economics and Trade of Hunan University, believes: "For a long time in the past, due to patent barriers imposed by automobile manufacturers in developed countries on engines, brakes, gearboxes, and other aspects, China's automobile production and export have been restricted. In recent years

Edit:Hou Wenzhe Responsible editor:WeiZe

Source:Securities Dairy

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