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

CTOnews.com, July 31 (Xinhua)-- China is expected to overtake Japan to become the world's largest car exporter this year, according to a report by Japan's Toyo Economic online, citing Caixin. This historic change has also attracted attention in Japan.

According to data from the Association of Automobile Manufacturers of the two countries, China and Japan exported 1.7million and 954000 vehicles respectively in the first quarter of 2023, according to ▲ Tu Yuan Pexels. It is widely expected that China's car exports will surpass that of Japan in 2023.

Gong Min, head of China auto industry research at UBS, pointed out that China's car exports hovered around 1 million for about a decade before 2021, and the explosive growth of the past three years was an "amazing performance". Japanese media believe that one of the key reasons is the emergence of electric cars.

At the end of June, Wang Hua, associate dean of the graduate school of business administration at Lyon Business School in France and dean of the Asian School of Shanghai Business School, visited Europe and attended a conference on new energy vehicles. "it's like attending a conference on China," he said. China appeared many times in the speeches and discussions of the delegates in just one morning. "

"now the world knows that China's electric cars are in the lead and China's auto industry is doing well," said an executive at a well-known international consulting firm who spoke on condition of anonymity. "

British media said that the electric vehicles that are really attractive in the European market are the Model 3 and Model Y exported by Tesla's Shanghai factory, as well as the products of SAIC's famous MG. A German automobile magazine dismantled SAIC's electric car "MG4" and rated it as "this is an electric vehicle developed for Volkswagen" because the current price of electric cars in Germany is generally on the high side.

SAIC attaches great importance to this kind of evaluation. Yuan Yingcheng, general manager of SAIC Germany, said in an interview on July 4: "Germany is the birthplace of cars, with world-famous companies such as Mercedes-Benz, BMW, Volkswagen and so on. Automobile products from any country want to be recognized in Germany, which is similar to the difficulty of foreigners selling ceramics in Jingdezhen."

The article points out that this is a historic opportunity. With the leading position of electric vehicles, Chinese companies can adopt an active overseas strategy. In fact, almost every Chinese company has announced such plans.

CTOnews.com previously reported that BYD began to expand overseas in May 2021, with production bases all over the world. SAIC Thailand Industrial Park also started construction in May this year, and Changan Automobile also announced the construction of a production base in Thailand in the same month. In July, Chery announced the construction of factories in Indonesia, Malaysia and Thailand.

However, some experts pointed out that due to the complexity and instability of the current geographical situation, Chinese car companies may not go to sea as smoothly as Japanese and South Korean car companies, and the global expansion of Chinese enterprises is facing unprecedented challenges. Some countries have taken action, especially in Europe, where global car companies are ready to fight Chinese car companies.

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