Shulou(Shulou.com)11/24 Report--

CTOnews.com, July 6 (Xinhua)-- Global management consulting firm Aliplatinum released the latest auto industry analysis on July 5, saying that Chinese automakers will become the leading force in the global auto industry in the next few years.

This year, China will become the world's largest car exporter, and local brands are expected to overtake overseas brands in market share for the first time, according to the report. More importantly, the business model evolved by Chinese car companies is also likely to be successful in the European and American markets, so overseas car companies must completely change the way they operate in China and their home markets. these include paying more attention to the new technological features that users really care about, the trade-off between product iteration speed and cost, and the positive mindset of embracing risk.

"Chinese car companies have now crossed the 'inflection point' of global influence, and sales of their own brands in the domestic market have surpassed those of overseas brands for the first time recently," said Dr. Dr. Stephen Dyer, head of communications for Tuyuan Pexels iRuiplatin Greater China. We expect local brands to occupy 65 per cent of the market in China by 2030.

At the same time, China topped the auto export rankings in the first quarter of 2023, surpassing traditional export powers such as Japan, Germany and South Korea for the first time.

Dr Dai Jiahui pointed out: "these are only some of the remarkable achievements made by China's automobile industry in the near future. More importantly, the penetration rate of new energy vehicles will exceed 25% in 2022, three years earlier than the target set by the government. We expect the penetration rate of new energy vehicles to exceed 35% in 2023. It is clear that China is already the center of the global new energy vehicle industry."

CTOnews.com previously reported that according to preliminary statistics from the Federation of passengers, the retail market of new energy vehicles from June 1 to 30 was 638000, up 19% from the same period last year and 10% from the previous year. Retail sales so far this year totaled 3.059 million, up 36% from the same period last year.

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