China Association of Automobile Manufacturers data show that from January to September 2023, China's auto exports of 3.388 million, an increase of 60%, has exceeded the export volume of 3.111,000 units in the whole year of last year.
Relevant agencies predict that China's automobile exports are expected to exceed 5 million in 2023, becoming the world's first. By model, 2.839 million passenger cars were exported, up 67.4 percent year on year; 549,000 commercial vehicles were exported, up 30.2 percent year on year. From the perspective of power type, the export of traditional fuel vehicles was 2.563 million, an increase of 48.3%. New energy vehicles exported 825,000 units, an increase of 1.1 times year-on-year, becoming the backbone of China's auto exports. As exports have increased, so have bike prices. In the first three quarters, while China's vehicle export volume increased by 60% year-on-year, the export amount increased by 83.7% year-on-year. At present, the average price of new energy vehicles in China's overseas market has risen to $30,000 / vehicle, and the average price of new energy vehicles has risen, which has become an important factor driving the growth of China's automobile exports.
The accelerated growth of new energy vehicles has ushered in a new opportunity period of scale effect and brand effect to promote China's automobile exports. China can rely on the first-mover advantage, grasp the change trend and guiding force of the automotive industry, further optimize policies, and transform the cost competitiveness into technology gold content and brand premium.
The successful development of China's new energy automobile industry has fully demonstrated the overall advantages, including our country's institutional superiority. In contrast, in Europe and the United States, the overall transition from traditional automobiles to new energy vehicles is slow, in addition to the advantages of the traditional automobile industry led to the lack of power for transformation, the short-sighted implementation of policies led to the lack of continuity of development, and "capital profit-driven constraints" led to industrial development abnormalities. At a deeper level, this is an institutional deficiency.