On January 30, South Korea's "Newspim" published an article saying that China has now become a leader in the field of technology. This is what China once shouted about the "rise of technology".
The automotive market is a representative market that demonstrates technological progress. Last year, China surpassed traditional car powerhouses to become the world's largest car exporter with electric vehicles.
According to the China Passenger Car Market Information Association, China's auto exports from January to November last year increased by 60% y/y to 4.76 million units, and if the December export volume is added, the export volume for the whole of last year will reach 5.27 million units.
Japan's exports from January to November last year were 3.99 million units, and the export volume for the whole of last year was 4.3 million units, and it is estimated that China's automobile exports will surpass Japan in 2023 and become the world's largest export.
The statistical results of the China Association are similar. China's auto exports rose 57 percent last year, according to the association9% to 4.91 million units.
From 2019 to 2020, China's automobile exports were only about 1 million units, which increased to 2 million units in 2021, 3 million units in 2022, and 5 million units in 2023.
BYD, a Chinese electric vehicle company that surpassed Tesla to become the world's No. 1 electric vehicle carrier, has launched the Explorer 1 electric vehicle carrier. The "Explorer 1" can carry a total of 7,000 vehicles, which not only reflects BYD's determination to expand overseas markets, but also will become a powerful means to achieve this determination.
At CES 2024, the world's largest IT and home appliance exhibition, China also showed new strength. Among the total 3,500 exhibitors, Chinese companies have the largest number with 1,100.
Hisense, one of China's largest home appliance companies, has launched a 110-inch super-large TV equipped with self-designed artificial intelligence (AI) TV semiconductors, while TCL has launched the world's largest 115-inch "quantum dot mini LED" TV new product, as well as a new generation of smart AR glasses, etc.
The two companies set up showrooms in the Las Vegas Convention Center**, where CES was held, close to Samsung Electronics and LG Electronics, and were interpreted as demonstrating their confidence in "never losing to" the world's leading companies.
Even in the field of flying cars, China is leading the way. Xpeng Huitian, a subsidiary of Chinese electric vehicle startup Xpeng Motors, demonstrated electric vertical take-off and landing on the CES stage. They announced that they have successfully completed test flights in China and will start winning pre-sales contracts for flying cars in the fourth quarter of this year, and mass production deliveries will begin in the fourth quarter of next year.
Despite pressure from the West, China's semiconductor production will more than double in the next 5 to 7 years, and there is also news that China's offensive in the high value-added ship market is getting stronger.
This is a China that "does what it says". It is curious what other areas China needs to "rise" after technology and semiconductors. Worthy of the name and not bluffing, it makes people have both anticipation and a sense of crisis.