The latest data from the China Association of Automobile Manufacturers (CAAM) shows that in December 2024, the total import and export value of automotive goods reached $26.17 billion, up 6.1% month-on-month and 2.7% year-on-year. Among these, imports amounted to $5.26 billion, down 10.2% month-on-month and 28.6% year-on-year, while exports surged to $20.91 billion, rising 11.2% month-on-month and 15.5% year-on-year. This continues China's strong momentum since surpassing Germany in 2022 to become the world's second-largest auto exporter. Driven by global supply chain restructuring and new energy technology advancements, China's automotive industry is accelerating into the globalization fast lane.
Volume and Value Rise: From Scale Expansion to Brand Upgrading
According to the General Administration of Customs, automotive goods exports in Q1 this year grew 58.1% year-on-year in value, with the average unit price per vehicle rising to $16,700, a 34% increase compared to five years ago. Traditional automakers like SAIC, Chery, and Changan continue to deepen their presence in overseas markets, while new energy brands such as NIO and BYD are penetrating European and American markets with premium models. Notably, the BYD Atto3 (Yuan PLUS) has repeatedly topped electric vehicle sales charts in Thailand, Israel, and other markets, showcasing the technological competitiveness of Chinese brands.
Leading the New Energy Race: One in Three Exported Vehicles is Electrified
New energy vehicles (NEVs) have become the core driver of export growth. Data from Shanghai Port reveals that 43,000 NEVs were shipped to Europe in April alone, a year-on-year increase of over 300%. Industry analysts highlight that China's comprehensive advantages in power batteries, autonomous driving, and other areas of the full industry chain are reshaping the global automotive landscape.
Diversified Strategies: Emerging Markets and Localization Go Hand in Hand
Automakers are upgrading their globalization models:
> European Market: NIO established an innovation center in Berlin, while CATL's German factory commenced operations, accelerating localized R&D and manufacturing.
> Southeast Asian Market: Great Wall Motor's Rayong plant in Thailand localized EV production, and SAIC-CP's industrial park achieved an annual capacity of 100,000 vehicles.
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