Chinese automakers are off to a good start, adding confidence to the global auto industry

Mondo Cars Updated on 2024-02-09

**:Xinhua.

CHANGCHUN, Feb. 8 (Xinhua) -- On the eve of the Spring Festival in the Year of the Dragon, a number of major Chinese auto groups such as FAW, Dongfeng Motor, BYD and Geely have successively released production and sales data for January this year. According to the data, the sales of Chinese car companies continued to maintain a high growth rate, ushering in a "good start", adding confidence to the development of the global auto industry.

In January this year, China's FAW sales exceeded 29680,000 units, a year-on-year increase of 542%;Dongfeng Motor sells cars 2740,000 units, a year-on-year increase of 1202%;Geely Automobile Group sold 213487 vehicles, a year-on-year increase of 110%; BYD sold 201493 new energy vehicles, a year-on-year increase of 3314%, continuing to lead the ...... of China's new energy vehicle market

The data also shows that the national automobile brands under the above major automobile groups have developed rapidly, and brands such as Hongqi, BYD, Ideal, Zeekr, and VOYAH have achieved good market sales performance. Taking the Hongqi brand as an example, the retail sales of the Hongqi brand exceeded 40,300 units in January, a year-on-year increase of 829%。

The production and sales volume has ranked first in the world for 15 consecutive years, and the production and sales of new energy vehicles have ranked first in the world for 9 consecutive years, and the export volume has reached a new high ......In the face of the transformation of the global automobile industry, China's automobile industry is firmly grasping the historical opportunities of electrification, intelligence, and networking.

Industry insiders believe that the automobile industry is a pillar industry of China's national economy, with a long upstream and downstream industrial chain, and the continuous iteration of national automobile brand products is being recognized by more and more Chinese consumers. The sales of Chinese automakers have a relatively broad market base, which will provide strong support for China's economic development.

Not only did domestic sales continue to increase, but many of China's major automakers also achieved significant year-on-year growth in overseas sales in January. China FAW's overseas sales in January totaled 11,529 vehicles, a year-on-year increase of 186%; BYD exported 36,174 vehicles in January, a year-on-year increase of 2475%。

We need to break the stereotype that Chinese brands are 'cheap'. Yang Dayong, chairman of FAW Import and Export, said that the Hongqi brand took the initiative to choose developed regions as the target market, and opened up sales channels in 24 countries such as Saudi Arabia and Norway.

At the same time, Chinese automakers are not satisfied with the status quo, and are accelerating the layout of products, industrial chains, and production capacity, and working with Chinese and foreign partners to accelerate the development of the new energy vehicle industry and strive to maintain competitive advantages.

China FAW has its own brands such as Hongqi, Jiefang, and Besturn, as well as joint venture brands such as Volkswagen (Audi) and Toyota, with a cumulative production and sales of more than 54 million vehicles, ranking first in China's automotive industry in terms of sales scale. In 2024, China FAW will continue to accelerate the layout of the new energy vehicle industry, and the Hongqi brand will launch a variety of new energy models, with a business target of 3.47 million units and an operating income of 6,360300 million yuan. In order to achieve the above goals, FAW is accelerating its transformation and layout.

With the official commissioning of the Changchun Super Factory of Jiefang Power, the 100 millionth battery cell of Times FAW, and the successful commissioning of the first phase of the new energy vehicle power battery production base in Northeast China, the first phase of the FAW Fodi new energy power battery project, in Changchun, since the beginning of this year, China FAW has made frequent moves in the layout of new quality productivity, driving the automobile industry in Jilin's old industrial base to move towards high-end and new energy, and promoting the high-quality development of the automobile industry in Jilin and even Northeast China.

At present, China's new energy vehicles are gradually transforming their first-mover advantages into technological advantages, industrial advantages, and cooperation advantages. World auto giants such as Volkswagen, Audi, BMW, and Mercedes-Benz are also accelerating their deployment and electrification in China to seize the market share of China's auto market.

Audi FAW New Energy Vehicle CEO Shi Ruizhe said that China's new energy vehicle market has huge potential and is developing rapidly. By the end of this year, the company will mass-produce pure electric models tailored to Chinese customers.

According to reports, the Audi FAW new energy vehicle production base plans to have an annual production capacity of more than 150,000 units, and will successively put into production three pure electric models based on the Audi PPE pure electric platform and the Audi A6 e-tron series based on the Audi PPE pure electric platform and specially built for the Chinese market. At the beginning of 2025, new models will be launched on the market one after another.

In recent years, Chinese car companies and their products have become more and more competitive, providing global consumers with more cost-effective diversified products.

Xu Haidong, deputy chief engineer of the China National Association, said that Chinese car companies are becoming more and more confident, with the acceleration of the implementation of a series of "combination punches" to promote the development and consumption of the automobile industry in China, coupled with the steady recovery of China's economy, the growth momentum of automobile market demand is significant, and new energy vehicles and automobile exports in 2024 are still the main driving force of China's automobile industry, and will continue to contribute to the development of the global automotive industry. (Reporter Zhang Jian).

Related Pages