the abstract
China's new energy vehicle (NEV) exports have gained traction in the first half of 2023, showcasing the country's commitment towards its vision of becoming a global NEV powerhouse. The NEV industry, which includes electric vehicles and plug-in hybrid electric vehicles, has seen a growth in exports, giving a boost to China's economy and environmental goals.
Overview of new energy vehicle export data
On the evening of July 24, Cui Dongshu, secretary-general of the Passenger Passenger Association, issued a document stating that from January to June 2023, China's auto exports will reach 2.343 million vehicles, a year-on-year increase of 73%. Among them, 800,000 new energy vehicles were exported, a year-on-year increase of 105%; The export of new energy vehicles covers three categories: buses, trucks, and buses. Among them, 770,000 new energy buses were exported, a year-on-year increase of 113%, accounting for 96% of new energy vehicle exports.
New Energy Vehicle Export Market Composition
In terms of overseas markets, China's new energy vehicles are mainly exported to Western Europe and Southeast Asia. In the past two years, Belgium, Spain, Slovenia and the United Kingdom in Western and Southern Europe have become export highlights, while exports to Southeast Asian countries such as Thailand will strengthen in 2023. Among them, self-owned brand SAIC Passenger Vehicles, BYD and other new energy models performed strongly.
In 2023, China will export 370,000 vehicles to Russia, a substantial increase of 622%, among which exports of heavy trucks and tractors will increase sharply. Exports to the European market continued to maintain steady and strong growth.
The main export brand of new energy vehicles
SAIC:
Sales volume in the first half of 2023: 53,3000
Main export models: MG ZS, MG4
Main export regions: Europe (MG brand sales in the European market reached 115,000, a year-on-year increase of 143%, and new energy accounted for more than 50%.)
BYD:
Sales volume in the first half of 2023: 81,000
Main export models: ATTO 3
Main exporting regions: Thailand, Singapore, Israel, New Zealand
- Performance in Thailand:According to the official website of AutoLife in Thailand, the number of BYD ATTO 3 (Yuan PLUS) registered in May was 2,025 units, and it won the sales champion of pure electric vehicles in Thailand for the fifth consecutive month.From January to May 2023, BYD ATTO 3 has a total of 9,310 licensed units,with a market share of 38.6%,continuing to lead the pure electric passenger vehicle market in Thailand. China's EV "sweeps Thailand" with a market share of 70%. In March 2023, the sales volume of pure electric vehicles in Thailand was 6,262, a year-on-year increase of 9.7 times. Among them, BYD's new model ATTO 3 accounted for nearly 40%.
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Performance in Singapore: According to the latest statistics from Singapore's Land Transport Authority (LTA), BYD's electric vehicles registered 303 vehicles during the period from January to May 2023, ranking first in Singapore's electric vehicle list. In the first five months of 2023, the total number of pure electric vehicles registered in Singapore is 1,462, of which BYD's market share in the pure electric segment is as high as 20.7%.
- Performance in Israel: According to data from the Israel Vehicle Importers Association (Israel Vehicle Importers Association), the number of BYD ATTO 3 in the Israeli market will reach 1,246 in May 2023,won the sales champion of all car series in Israel for seven consecutive months.In the first five months of 2023, the BYD brand will have 8,496 units registered in the Israeli market, accounting for 35.5% of the total number of pure electric vehicles registered. It will become the best-selling electric vehicle brand in Israel from January to May this year, leading the pure electric passenger vehicle market in Israel . It is reported that local dealers have opened a total of 5 BYD stores in major Israeli cities such as Haifa and Tel Aviv for customers to experience and order in stores.
- Performance in New Zealand: According to the latest data from the New Zealand Ministry of Transport, the number of electric vehicle registrations in New Zealand in May was 1,219. Among them, the best-selling pure electric model is BYD ATTO 3, which once again won the monthly sales champion of pure electric vehicles. From January to May this year, BYD ATTO 3 sold a total of 1,402 units, ranking first in sales of pure electric vehicles in New Zealand.
Sales in the first half of 2023: 136,9611
Main export models: Model 3, Model Y
Main exporting regions: America, Europe
It is worth mentioning: Germany is Tesla's largest market in Europe, with sales of 8,703 in the first quarter of 2023;Fun fact: California is the leading state with the most Teslas on the road.
Geely:
Sales in the first half of 2023: 12,1185
Main export models:Coolray、Azkarra、Tugella
Chery:
Sales in the first half of 2023: 39,4000
Main export models:Tiggo、Arrizo
Main exporting regions: Brazil, Russia
Great Wall:
Sales in the first half of 2023: 12,4000
Main export models:Haval H6, Euler
Main exporting regions: Russia
Summarize
China's NEV exports have been positively impacted by multiple factors. Firstly, the increasing demand for cleaner energy solutions in countries around the world has boosted the popularity of NEVs. Secondly, the Chinese government has been actively promoting NEVs to address domestic pollution, leading to enhancements in research and development, manufacturing, and sales of NEVs. This has resulted in a lower production cost and higher quality products, making China's NEV exports more competitive on the global market.
In conclusion, China's NEV exports in the first half of 2023 have showcased a positive outlook for the industry. The data indicates growth, with Europe emerging as the primary market for China's NEV exports. The government's efforts to promote NEVs and the increasing demand for cleaner energy solutions have fueled the rise in NEV exports, making China's products more competitive on the global market. It is encouraging to see China's commitment and progress towards becoming a global NEV powerhouse while contributing to a cleaner and greener planet.