After decades of rapid development, China’s automobile industry has formed a relatively complete industrial system and become an important pillar industry of the national economy. It plays an important role in driving China’s economic growth, employment, and fiscal revenue. According to statistics from the China Association of Automobile Manufacturers, the production and sales volume of automobiles in China will reach 30.16 million and 30.09 million respectively in 2023, with a year-on-year increase of 12%, and both production and sales volume will reach historical highs.
After China chose low-carbon economy as one of the main development paths, the new energy vehicle industry emerged with the support of policies. The frequent introduction of industrial policies has cultivated the layout of the entire new energy vehicle industry chain, and a variety of new energy vehicle products are increasingly favored by consumers.
According to data from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in China have increased from 8000 units in 2011 to
The number of vehicles will increase from 8000 to 9.59 million and 9.5 million by 2023. In 2023, China’s production and sales of new energy vehicles will account for over 60% of the global total, ranking first in the world for nine consecutive years. The export of new energy vehicles will reach 1.2 million units, a year-on-year increase of 77%, both of which have reached a historic high.
Under the wave of global parts procurement, the international competitiveness of China’s automotive parts industry continues to grow. Local Chinese automotive parts enterprises have successfully integrated into the world parts procurement system, and the industry’s export volume is also on the rise. From 2013 to 2023, China’s automobile parts exports increased from 45.3 billion US dollars to 87.7 billion US dollars, with an average annual compound growth rate of 6.83%. From January to May 2024, the cumulative export value of automotive parts products reached 42.42 billion US dollars, a year-on-year increase of 3.3%.
Post time: Aug-25-2024