Not long ago, Dong Yang, founder and chairman of Dezaihou Capital, published a blog post titled "Another Major Change in the World Automobile Industry", which attracted wide attention in the industry.
Dong Yang pointed out that the automobile industry was born in 1886, and German automobiles have dominated the development of world automobile technology for more than 100 years. At the beginning of the 20th century, Ford Motor invented a large-scale production line, which greatly reduced the cost of automobiles and brought automobiles into the home. The third change is the invention of Toyota's production method in the 70s of the last century, which greatly improved production efficiency and business efficiency, and the Japanese automobile industry supported the great development of the Japanese economy; The fourth revolution is the current automotive energy revolution, and China's automotive industry has played an important role.
How far is China from becoming a world automotive powerhouse? Let's take a look at the position of China's auto industry in the world's auto industry with a few sets of figures.
Market size
In 2009, China sold 13.64 million cars, surpassing the United States to become the world's largest auto market for the first time. In 2023, China will sell 30.09 million vehicles, ranking first in the world for 15 consecutive years and accounting for 33% of global car sales.
New energy vehicles
In 2015, China's new energy vehicle sales were 3310,000 units, surpassing the United States to become the largest new energy vehicle market. In 2023, China will sell 9.49 million new energy vehicles, accounting for 66% of global new energy vehicle sales, ranking first in the world for nine consecutive years.
Chinese brand cars
In 2023, the global sales of Chinese brand cars will be 18.62 million units, surpassing the 13.98 million units of German brands and the 11 million units of American brands, which is comparable to the sales of Japanese brands and accounts for 20 percent of global car sales8%。
Exports
In 2020, China's auto exports surpassed those of the United States. In 2021, China's car exports surpassed South Korea's. In 2022, China's car exports surpassed Germany's. In 2023, China's automobile exports will surpass Japan's 4.91 million units, becoming the world's largest automobile exporter, with exports accounting for 16 percent of total sales3%。
Single-brand sales
In 2023, Toyota will sell 11.23 million vehicles worldwide, continuing to rank first in the world. Volkswagen sold 9.24 million units, ranking second. Hyundai Motor, General Motors, Stellantis (Peugeot Citroen, Fiat, Chrysler), Renault-Nissan-Mitsubishi and other four auto companies all sold 6 million units, ranking third to sixth, respectively. BYD sold 3.02 million vehicles, ranking ninth, and was the first Chinese brand car to enter the world's top 10.
From the above five dimensions, the market size, new energy vehicle sales, and Chinese brand car sales are enough to show that our automobile industry is large enough, and the first export volume means that the competitiveness of Chinese brands is improving. However, in terms of the size of a single brand, it reflects both the comprehensive competitiveness of auto companies and the overall strength of China's auto industry, and we are not strong enough in this regard. It took 15 years for Chinese automobiles to achieve four "firsts", and next, how long will it take to achieve the first place in "single brand sales"? It's worth the wait.