Fuel vehicles still dominate the global auto market, and the market share of overseas car companies is declining!
In 2023, China will usher in a historic breakthrough, China will enter the world's top 10 for the first time, and surpass Japan to become the world's largest car exporter, all of which seems to show the world how brilliant China's achievements in the car market are, but also caused the world's car power to decline in the market share.
New energy vehicles have played a strong supporting role in the development of China's automobile industry, more than 60% of China's total automobile exports are fuel vehicles, and new energy vehicles account for only one-third of the total exports, but their export growth rate is several times that of fuel vehicles.
China's new energy vehicle export growth rate is significantly higher than that of fuel vehicles, although Tesla is China's largest new energy vehicle exporter, Tesla accounts for more than 30% of China's new energy vehicle exports, and China's largest local new energy vehicle exporter, but SAIC.
In China, new energy vehicles have been hyped, but 60% of the world's new energy vehicles are sold to China, and outside of China, the sales of new energy vehicles are not even 10%, which also leads to nearly ninety percent of domestic new energy vehicles are sold in the domestic market.
Overseas auto companies, which have been criticized in China, have also announced their own results, and although the decline in the Chinese market has not affected their global ranking, their market share has declined.
In fact, from 2017 to 2022, Toyota's market share has been growing steadily, and it is only in 2023 that it begins to decline, and Toyota's market share has dropped to less than 12%. Volkswagen fell below the 10 percent, Hyundai-Kia fell below the 8 percent mark, and many other traditional car companies also lost market share.
The reason for this is that China has had a great impact on the global auto market, and in 2023, the total global sales will exceed 89 million units, of which China's sales will exceed 30 million, and China is 1 3 of global sales.
From this point, it can be seen that Toyota, Volkswagen, Hyundai, the market share of the three car companies are declining, especially China, China has been hit the hardest, Hyundai used to be one of the top ten car brands in China, but now few people buy it, the loss of the Chinese market directly led to the decline of Hyundai.
It is not difficult to see that China's new energy automobile industry does provide a development path for Chinese automobiles, allowing Chinese automobiles to grow rapidly, surpassing foreign car companies, and becoming China's first car company to rank among the world's top 10 car companies, which also highlights that China's automobile market has the potential to become the development of the domestic automobile market.
However, judging from the above data, the current global automobile market is still dominated by fuel vehicles, Chinese car companies want to go abroad, but also rely on fuel vehicles, after the domestic market share reaches 30%, whether it can maintain rapid growth is a problem, and the overseas new energy vehicle market is too small to make domestic new energy vehicles face a lot of difficulties overseas.