China is expected to win the championship for the first time, surpassing Japan and Germany! This data is from the car | manufacturer | data
According to a report on the website of Rossiyskaya Gazeta on July 4, the Chinese automobile manufacturer became the world's export champion for the first time. According to reports, data from American consulting firm iResearch Platinum shows that in the first quarter of this year, China exported 1.07 million cars, surpassing Japan, Germany, South Korea, and Mexico.
Fabian Piontek, an expert at Evergrande Platinum, pointed out that Chinese people's brave entry into the international market with electric vehicles has put increasing pressure on European car manufacturers.
On July 3rd, the website of the German newspaper "Business Daily" also reported that surpassing Japan and Germany - a study claimed that Chinese car manufacturers will become the world's export champions for the first time.
Enterprise consulting firm iResearch estimates that Chinese automakers will become the world's export champion for the first time this year.
According to industry expert Pi Wentke from Airui Platinum, China is "expected to become a superpower in the automotive industry, whether it is a production site for automobiles, a sales market, or an export country.".
It is estimated that more than half of the cars sold in China this year will be produced by local enterprises. Moreover, Chinese people are entering the global market through electric vehicles, putting increasing pressure on European car manufacturers in their local markets.
Airui Platinum estimates that the global automotive market will grow again, but at a significantly slower pace than expected. "In the long run, the sales volume in Europe will be reduced by more than 15% compared with that before the COVID-19 outbreak," said the research report of IROB
Industry experts have written, "The era of German car manufacturers enjoying record profits is coming to an end." In the context of a cooling global market and increasingly fierce competition, profit margins are under increasing pressure. The slow decrease in battery costs makes it difficult for electric vehicle sales to achieve rapid growth in the next 3 to 5 years. This makes it difficult for electric vehicles to form cost advantages through mass production. And due to the increasing demand from China, the cost of raw materials has also risen again.
In addition, according to the report on the website of the Russian Sputnik News Agency on July 5, on July 4 local time, BYD and the Brazilian Bahia state government jointly announced that the two sides would build a large production base complex in Kamali City.
According to BYD, the Brazilian production base complex will consist of three factories, namely a production factory specializing in electric buses and truck chassis, a new energy passenger vehicle production factory, and a lithium iron phosphate battery material processing factory.
Among them, the new energy passenger vehicle production line covers pure electric and plug-in hybrid models, with a planned annual production capacity of 150000 vehicles. The lithium iron phosphate battery material processing plant will fully utilize local port resources to meet the growing demand for new energy products in the global market.
Li Ke, Executive Vice President and President of BYD Americas, said, "Building a large-scale production base complex in Brazil is an important milestone for BYD's development in the Americas market. This will help accelerate the popularization of new energy vehicles in the local area and play a huge role in addressing global climate change and improving people's quality of life."
The Bangkok Post website reported on July 5th that the Thai Investment Commission has placed its hopes for growth on new Chinese investors.
The Thai Investment Commission expects two Chinese car manufacturers to promote the development of Thailand's electric vehicle industry through local investment plans.
Changan Automobile previously announced that it will invest 9.8 billion Thai baht to build an electric vehicle manufacturing factory in Thailand.
Chery Automobile also plans to invest in the electric vehicle industry in Thailand next year.
"Both companies are large car manufacturers," said Nari Tesdilasudi, Secretary General of the Thai Investment Commission
Recently, the Thai Investment Commission launched the latest round of promotional activities in Chongqing and Chengdu, China. During this time, there, Tesla met with executives from these two car companies. He also learned from Chery Automobile that the company is in discussions with potential Thai partners to establish an electric vehicle joint venture in Thailand.