SAIC exported 87,000 vehicles in January-June, contributing 22.7 percent of the cars exported from China.
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Category: China Car Exports
Chinese car penetration is expected to rise to 16.5 percent in Europe and 12.8 percent in Southeast Asia by 2025, according to Canalys.
China's total vehicle exports are expected to reach 4.4 million units in 2023, with new energy vehicles (NEVs) expected to account for more than 30 percent of the total, market research firm Canalys said in a report today.
China's auto exports have been climbing since 2020, surpassing Germany as the world's second-largest exporter in 2022. In the first quarter, China surpassed Japan as the world's largest auto exporter, with growth in NEVs exports the main reason for the overall increase, Canalys said.
In April, China's vehicle exports rose 142.40 percent to 424,200 units, up 9.61 percent from March, according to the China Passenger Car Association (CPCA).
In January-April, China's auto exports were 1.49 million units, up 71 percent year-on-year, according to the CPCA.
The core regions of China's auto export destinations are shifting from Africa, Central Asia and South Asia to more developed regions, including Europe and Southeast Asia, the report noted.
China's light vehicle exports to these two core regions contributed 5.9 percent and 7.6 percent of the country's vehicle exports in 2020, respectively. In 2022, the share was 22 percent and 14.3 percent, respectively, according to Canalys.
The average selling price of Chinese car exports increased from RMB 112,000 ($15,670) in 2021 to RMB 140,000 in 2022, up by more than 25 percent. In the European market, the figure was RMB 210,000 in 2022.
In 2022, Chinese automotive products had a penetration rate of 2.6 percent in the Southeast Asia region. By 2025, that figure is expected to rise to 12.8 percent, Canalys said.
In Europe, the penetration of Chinese cars is expected to rise to 16.5 percent by 2025, according to the report.
The average selling price of mainstream products in the European market is highly aligned with the average price of Chinese automotive exports, and consumers here are more aware of the NEV market, according to Canalys.
The overall light vehicle market volume in Europe and Southeast Asia is expected to grow to 13.7 million and 3.8 million units, respectively, by 2025, with NEVs penetrating more than 40 percent in Europe, Canalys said.
In 2021, the Covid pandemic caused instability in overseas supply chains and was the core reason for the growth of Chinese vehicle exports. After 2022, the growth of the overseas NEV market presents new opportunities, according to the report.
Chinese automakers have a first-mover advantage in electrification and vehicle intelligence, and have sufficient capacity and short product delivery times, Canalys said, adding that brands in other countries are lagging behind in the NEV transition and are falling short of expectations in core technology development.
($1 = RMB 7.1457)
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Seres officially launched the Landian brand on March 30 and made its first model, the plug-in hybrid E5, available with technology from Huawei and BYD.
Landian, the new energy vehicle (NEV) sub-brand of the Seres Group, began exporting vehicles, even though the new brand was officially launched only two months ago.
On May 25, Landian shipped the first 500 units of its midsize hybrid SUV Landian E5 to overseas markets, according to a press release from the brand on Sunday.
The vehicles will arrive in two weeks in markets along the "Belt and Road", Landian said.
Seres -- a key automotive partner of Chinese tech giant Huawei -- officially launched the Landian brand on March 30 and made its first model, the plug-in hybrid E5, available.
Equipped with technology from Huawei and BYD, the Landian E5 is a mid-size SUV available in 5- and 7-seat versions with a starting price of RMB 139,900 ($18,940).
The model uses the F31A 1.5L PHEV-specific engine and DHT300 electric hybrid system from BYD's FinDreams Power.
The Landian E5 also comes with Huawei's HiCar 3.0 system, a lite version of HarmonyOS for cars, but supports features including seamless connectivity with cell phones.
The Landian E5 drew strong interest from dealer partners during online presentations with overseas dealers, Landian said yesterday.
Landian literally means blue electricity in Chinese, and the brand is positioned as a builder of the Internet of Everything ecosystem in the "E era," where the letter E refers to Electric, according to Seres.
In 2023, the Landian brand will build 340 experience stores and 160 delivery centers, Seres previously said.
Seres Group sold 6,917 NEVs in April, down 19.12 percent year-on-year and 18.73 percent from March, according to data it released earlier this month.
That includes 2,953 vehicles for the Seres brand, according to the group, which did not release NEV sales for its other brands.
($1 = RMB 7.0756)
Seres unveils new NEV brand Landian and 1st model E5 with BYD, Huawei technology
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Dongfeng Honda has sent a shipment of hybrid Honda CR-Vs and all-electric e:NS1s from Shanghai to Europe, with the vehicles expected to arrive at a Belgian port in late June.
(Image credit: Dongfeng Honda)
Japanese auto giant Honda's joint venture with Dongfeng Motor in China has started exporting cars, which is expected to allow China to see further growth in auto exports.
Dongfeng Honda began shipping a shipment of new energy vehicles (NEVs) from Shanghai to Europe on May 15, opening a new chapter in the joint venture's overseas endeavors, it said on May 21.
The vehicles are the hybrid Honda CR-V as well as the all-electric e:NS1, and they will be shipped to several European countries, according to a press release from Dongfeng Honda.
They include 300 CR-V plug-in hybrids, which are expected to arrive at the Belgian port of Zeebrugge in late June, after which they will be shipped to about two dozen countries, including the UK, Ireland, Iceland, Greece and Portugal, Dongfeng Honda said, without disclosing the number of e:NS1s.
Honda held a launch event for the company's electrification efforts in China on October 13, 2021, to officially unveil its pure electric vehicle brand e:N, where the "e" stands for Energize and Electric and the "N" refers to New and Next.
The brand's two production models, Dongfeng Honda's e:NS1 and GAC Honda's e:NP1, made their debut in China at that time.
Dongfeng Honda made the e:NS1 officially available in China on April 27, 2022, when it was priced at RMB 175,000 ($24,800) to RMB 218,000.
Dongfeng Honda began exporting vehicles from China at a time when Chinese auto exports have been growing rapidly over the past two years.
In March, 387,000 vehicles were exported from China, up 88.78 percent year-on-year and 19.44 percent from February, according to the China Passenger Car Association (CPCA).
($1 = RMB 7.0548)
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Turkey has imposed an additional 40 percent tariff on China-made electric vehicles as the country prepares to launch its first locally produced EV, the Togg.
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