Export Cars Account For 7.6% Of The Southeast Asian Market, And Domestic Cars Are Becoming More And More Popular.

11 Feb.,2025

As the competitiveness and product strength of Chinese automobile companies increase, as well as the growth of overseas demand, domestic automobiles are becoming more and more popular in overseas markets.

 

As the competitiveness and product strength of Chinese automobile companies increase, as well as the growth of overseas demand, domestic automobiles are becoming more and more popular in overseas markets.

It is understood that automobile exports in September reached 301,000 units, a year-on-year increase of 85.6%, and new energy vehicle exports were 44,000 units, accounting for 17.6% of total exports. From January to September, the export of new energy vehicles reached 389,000 units, more than doubling year-on-year, and the growth rate was much higher than the overall export growth of the automobile industry.

In addition, data show that China's exported cars account for 7.6% of the market share in Southeast Asia, 3% in developed regions in Europe, 7.3% in Russia, 5.4% in the United States, 11.9% in South America, and 18% in Africa.

 

Export Cars Account For 7.6% Of The Southeast Asian Market, And Domestic Cars Are Becoming More And More Popular.

 

By this year, Chinese cars have surpassed European car brands in the Russian market. Today, one-third of the Russian car market is occupied by Chinese manufacturers. In the past week, Russians purchased 2,562 new cars from Chinese companies, accounting for 29.4% of the total car purchases.

Moreover, due to the ongoing geopolitical conflicts between Russia and neighboring countries, sanctions against Russia by European and American countries have led to interruptions in the supply of parts and components, and even many well-known automobile manufacturers have withdrawn from the Russian market. The rise of China's new energy vehicles has just filled the gap in this market. blank.

Not only the Russian market, but also with the technological upgrade of independent brand new energy vehicles, domestic car companies have begun to accelerate their deployment in overseas markets.

Take BYD as an example. In September, BYD signed a contract with WHA Weihua Group Volkswagen Co., Ltd. and announced that its first overseas passenger car factory would be located in Thailand. In the same month, BYD signed a cooperation agreement with Sime Darby Malaysia to promote the development of new energy vehicles in Malaysia. On the same day It also held a European press conference for new energy passenger vehicles and launched three models for the European market.