China's auto industry does not overtake on curves, but "change lanes and overtake". It has achieved its rise through the new energy vehicle track, and has the hope of surpassing the century-old Western auto industry.
As early as the first quarter of this year, China's auto exports surpassed Japan for the first time, ranking first in the world. In the first half of this year, China's auto exports reached 2.14 million units, a year-on-year increase of 75%. Among them, 530,000 new energy vehicles were exported, an increase of more than 1.6 times.
Automobile exports represent the level of a country's automobile industry. In the first quarter of 2023, China's automobile exports will surpass Japan for the first time, and China will rank first in the world for the first time. It can be found that since 2021, China's auto exports have shown explosive growth. Not surprisingly, China's auto exports will exceed the 4 million mark this year.
Judging from the data of the new energy vehicle track, BYD is even more outstanding. It is not only the domestic new energy sales champion, but also the global new energy vehicle market sales champion, with a market share of 33% in the domestic new energy vehicle market. One company accounts for one-third of the sales of the entire industry. In the first half of this year, BYD's sales reached 1.25 million units, a surge of 95%, surpassing FAW-Volkswagen and other joint venture car companies, and once again ranked among the sales champions in the Chinese market, becoming China's largest auto giant worthy of the name.
However, BYD's export sales still have huge room for improvement. The huge capacity of the international market requires Chinese car companies to "go global" to enhance their global competitiveness and compete face-to-face with international auto giants.
In fact, China's new energy car companies have risen in terms of sales, crushing new energy joint ventures, but their profitability needs to be improved and improved. Many new energy car companies are still at a loss, and battery costs remain high. It seems very difficult to invest in R&D and make short-term profits. How to grasp the opportunities in the fierce competition and improve the profit level should be considered.