In the first half of 2024, China's automobile exports won the championship again, surpassing Japan to rank first in the world!

According to news on August 6, China's automobile industry has once again demonstrated its strong strength on the global stage. According to a report by "Nihon Keizai Shimbun" on August 1
, China's automobile exports ranked first in the world in the first half of this year. According to the authoritative release of the China Association of Automobile Manufacturers, in the first half of this year, Chinese automakers exported a whopping 2.793 million vehicles to overseas markets, with a year-on-year growth rate of an astonishing 31%. This number not only far exceeds that of the same period last year, but also far exceeds that of other major automobile exporting countries. In particular, this achievement was achieved against the background of many uncertainties in the global automobile market, which fully reflects the resilience and vitality of China's automobile industry.

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At the same time, data from the Japan Automobile Manufacturers Association showed that Japan’s automobile exports in the first half of the year fell slightly from the same period last year, to 2.01 million units. This comparison further highlights the strong growth trend of China's automobile exports. In fact, China's leadership in this field has become increasingly solid since overtaking Japan as the world's largest auto exporter throughout 2023.

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In-depth analysis of the export structure shows that my country's traditional fuel vehicle exports continue to play an important role, with exports in the first half of the year reaching 2.188 million units, a year-on-year increase of 36.2%. Although the growth rate of new energy vehicle exports has slowed down compared with the same period last year, it still achieved a growth of 13.2%, with exports in June of 86,000 vehicles. Despite the month-on-month decline, the overall trend of new energy vehicle exports is still improving.

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From the perspective of export destinations, Russia, Mexico, Brazil, the United Arab Emirates and Belgium became the top five regions in my country's total vehicle export volume in the first half of the year. In terms of new energy vehicle exports, Brazil, Belgium, the United Kingdom, Thailand and the Philippines have become the main markets. The development of these markets not only provides new growth points for China's automobile exports, but also lays a solid foundation for the increase of the influence of Chinese automobile brands in the international market.

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According to statistics from Cui Dongshu, Secretary-General of the Passenger Car Association, China’s total automobile exports from January to June 2024 reached US$55.2 billion, with an export growth rate of 18.9%. Although the average price of automobile exports is basically the same as the same period last year, remaining at around US$19,000, this also reflects that there is still considerable room for improvement in the quantity and quality of China's automobile exports. -->

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