China doubled its car exports

China doubled its car exports

FineAuto

Chinese leading companies in terms of car exports in 2021 have been named. Almost all of them are well known in Ukraine.

The country exported a record 2.015 million vehicles last year, up 100% from 2020, according to the China Association of Automobile Manufacturers (CAAM). This number includes 1.614 million passenger cars, 402,000 commercial vehicles and 310,000 “new energy vehicles”, i.e. hybrids and electric vehicles.

  • Most of all cars – 697 thousand units. – exported by SAIC Motor concern. On an annualized basis, the company’s shipments grew by 78.9%. Mainly due to products under the MG brand, which accounted for 360 thousand units.
  • The second place was taken by Chery with the result of export of 270 thousand cars. This is 136.3% more than in 2020. By the way, the company plans to export up to 500,000 cars by 2025.
  • Great Wall Corporation exported 140,000 vehicles, up 11.1% from a year earlier. Today, the geography of deliveries includes 170 countries, and the total volume of foreign sales for all time has exceeded 900 thousand units.
  • Fourth place and 115 thousand cars for export from Geely products. This is 58% more than in the previous reporting period. Now the concern has 227 dealers outside of China. The company plans to expand the network to 600 representatives by 2025, and increase sales to 600,000 units.
  • Changan Automobile closes the top 5 exporters with 110,000 vehicles and a 114.3% increase in deliveries outside of China. Saudi Arabia, Pakistan, Peru and Bolivia became the main markets for the brand of the same name.

Let’s add that 2022 has already become a landmark year for the Chinese auto industry. Since January 1, the Chinese authorities have allowed foreign companies to be 100% owners of car factories in the country. At the same time, the requirement to create a joint venture with local manufacturers ceased to apply.

News tags
Add your comment

Your email address will not be published.