Local enterprises are strong to go to sea, and passenger car exports will break the 5 million mark in 2024

The export window is huge, and the scale of passenger cars will be 5 million by 2024

Looking back at the past few years at the beginning of 2024, in addition to the surging new energy vehicle market, exports are bound to be the most bright existence.

According to the latest data of the General Administration of Customs, in the past year, China's automobile exports of 5.22 million units, the export growth rate of 56% continued strong growth, this figure exceeds the long-term global automobile exports of the first Japan. In the same period, the average price of automobile exports was 19,000 US dollars, compared with 18,000 US dollars in 2022, and the average price increased slightly.

Among them, China exported 4.433 million passenger cars in 2023, an increase of 66.1% over the same period last year, of which Chery Automobile, SAIC Motor, BYD, Geely Automobile, Great Wall Motor have published export results.

Specifically, Chery Group exported 937,148 vehicles in this year, an increase of 101.1%, ranking first in the export of Chinese brand passenger cars for 21 consecutive years. The rising export volume accounted for 49.81% of the group's total sales volume, a surge of 13.2 percentage points compared with 36.61% in 2023. With this help, Chery Group's sales volume exceeded 1.88 million in 2023, an increase of 52.6% year-on-year, and its annual revenue exceeded 300 billion yuan for the first time, an increase of more than 50% year-on-year. Achieve a "big leap" of annual growth of 100 billion yuan.

And BYD is in this year in the export explosion, according to the latest data, as the global new energy vehicle sales crown, BYD 2023 total exports of 243,000 new cars, an increase of 334.2%, the new energy footprint has covered more than 70 countries and regions in the world's six continents, more than 400 cities, and achieved good results in a number of markets.

It is based on the excellent export results in 2023, many car companies officially announced 2024 export targets.

"In 2024, SAIC's overseas sales target is to reach 1.35 million units, and the plan is to break through 1.5 million units in 2025." Saic International Party secretary, deputy general manager Zhao Aimin to Geshi Auto revealed.

Changan Automobile introduced at the recently held global partner conference that it will introduce more than 7 new energy products such as Avita 11, Lumin and CD701 in the Southeast Asian market in 2024, and complete the construction of more than 530 channel contacts; In the European market, more than 5 types of new energy products such as Avita 11, Deep Blue S7 and C327 will be introduced successively. And accelerate the entry into Australia and New Zealand, South Africa, Israel and other blank markets, exports are expected to reach more than 500,000 vehicles.

In this context, the Geishi Automotive Research Institute predicts that "the export scale of passenger cars in China is expected to be about 5 million in 2024, of which Chery, BYD, Geely and SAIC are expected to contribute 750,000 incremental exports."

The development of shipping capacity is restricted, and the purchase of ships for shipbuilding and China-Europe special trains are fully guaranteed to go to sea

The development trend of automobile export is clear, but at the moment, since the domestic automobile export volume has soared, the serious shortage of roller ship capacity is becoming a sweet burden in the development process of China's automobile industry.

Shipping research institution Clarkson pointed out in the report: as of November 2023, the global ro-ro ships are about 760, an increase of only 2% compared with 2019, and the annual capacity is about 4 million vehicles, but only China's passenger car exports have exceeded 4.43 million vehicles a year. In this context, from August 2020 to the end of November 2023, the one-year rental of a 6,500-standard car carrier has soared from $10,000 / day to $115,000 / day, an increase of more than 10 times.

Therefore, in order to grasp this wave, SAIC, BYD and Chery Group have set up their own fleet of ships to "go to sea". "The cycle of shipbuilding is long, and it has not kept up with the speed of automobile exports at this stage." When China exports to a certain scale, the security and stability of the supply chain is very important." Saic Anji logistics general manager Jin Qi said.