How’s the situation about China’s auto export, included minibus 18 seater in 2020?
According to the report, significant monthly differences in auto exports in 2020.
In 2020, the COVID-19 epidemic has pressed the pause button for the global economy, and the export of my country’s automobiles. Many are facing unprecedented difficulties, such as the 18 seater minibus for sale. Since March, driven by the gradual recovery of domestic sales, automobile exports have shown strong resilience.
According to customs statistics, including 18 passenger minibus exporting quantity, a year-on-year decrease of 9.8%. This is from January to November 2020, 844,400 complete vehicles exported. (excluding low-speed manned electric vehicles, the same below). What’s more, the export value was USD 13.948 billion, a year-on-year decrease of 4.5%. Among them, 605,000 passenger vehicles were exported, down 6.1% year-on-year; 243,600 commercial vehicles including 18 passenger minibus were exported, down 17.9% year-on-year. According to the estimation, the export volume of complete vehicles in 2020 will be around 950,000. It is a year-on-year decrease of about 5%.
Affected by the epidemic, vehicle exports from January to November 2020 will show obvious monthly differences. Since February to March has not fully resumed work and production, personnel, logistics, and production capacity have not been fully in place. Exports have dropped significantly. It was not until April that they recovered and exceeded the level of the same period of the previous year; the spread of overseas epidemics since May has caused demand to fall and exports The volume also fell to the lowest level in the same period, with a year-on-year decline of more than 35%; then slowly recovered in September; it performed strongly from October to November, and the monthly export growth rate in November was close to 20%, which strongly boosted the pace of export growth throughout the year.
Seven characteristics of auto exports in 2020
Firstly, the structure of export products is optimizing, with small cars as the largest export model.
In 2020, the export structure of my country’s complete vehicles including 18 seater minibus for sale will be further optimized. From January to November, passenger cars accounted for 71.1% of total vehicle exports, an increase of 2.8% over the same period in 2019. As the largest export model, sedan exports totaled 246, 000 units, a year-on-year decrease of 26.7%, accounting for 41.0% of total passenger vehicle exports; followed by passenger cars with 9 seats or less, exporting 246,600 units, an increase of 13.8%. They accounted for 41.1% of total passenger vehicle exports; the above two types of vehicles accounted for 58.4% of total vehicle exports.
Secondly, fuel vehicles are the main force for export, and new energy vehicles including minibus 18 seater have outstanding performance.
The main export status of fuel vehicles is still difficult to shake. From January to November 2020, my country’s gasoline and diesel vehicle exports totaled 686,200, accounting for 81.3% of the total vehicle exports. With the overall weakening of the overseas demand side, the export of new energy vehicles including 18 passenger minibus to the mid-to-high-end market performed strongly. From January to November, my country exported 98,900 new energy vehicles including minibus 18 seater, a year-on-year increase of 85.8%; the export value was US$2.958 billion, a year-on-year increase of 175.4%. Among them, 21,800 plug-in hybrid vehicles were exported, an increase of 118.5 percent year-on-year; 63,500 pure electric passenger vehicles, accounting for 64.1% of the total exports of new energy vehicles.
Thirdly, developing countries are the main export destinations, starting to export to the European market.
In the past, my country’s vehicle exports, including 18 passenger minibus, mainly focused on developing countries and regions. Such as Latin America, West Asia, and Southeast Asia. From the perspective of export market distribution in 2020, developed countries will become latecomers. This will become new growth points.
From January to November, Saudi Arabia was my country’s largest export market for complete vehicles, exporting 88,900 vehicles, a year-on-year increase of 78.1%; Egypt ranked second, exporting 54,700 vehicles, a year-on-year increase of 83.0%; Chile ranked third, exporting 4.60 Russia ranked fourth, exporting 37,900 vehicles, a year-on-year increase of 5.41%; Australia ranked fifth, exporting 35,600 vehicles, a year-on-year increase of 49.4%. It is worth noting that my country’s auto exports to EU countries, including 18 passenger
Fourthly, self-owned brands are improving as a whole, and some enterprises are still waiting for their efforts.
At present, my country’s vehicle exports, including 18 passenger minibus, are still mainly self-owned brands. At the same time, the export growth of enterprises varies greatly.
Fifthly, the joint venture has adjusted its positioning, and the growth space needs to be expanded.
With the slowdown of the domestic auto market growth and the intensification of overcapacity problems, the domestic supporting infrastructure has become increasingly perfect. Such joint ventures have adjusted their positioning and the scale of exports has expanded. Then, with the continuous opening of my country’s automobile industry, including 18 passenger minibus. Also the signing of regional free trade agreements represented by the Regional Comprehensive Economic Partnership Agreement (RCEP). The multinational auto companies have accelerated their regional industrial chain layout. Moreover, my country is expected to become a part of multinational companies Globally important cars.
Sixth, electricity is surging and competition in the international market is intensifying.
According to data from EV Sales, from January to November 2020, the global sales of new energy vehicles including 18 seater minibus will be 2.5406 million units, an increase of 30.98% year-on-year. The global sales of pure electric and plug-in hybrid vehicles will be 2.9 million units in 2020. . It is worth noting that as the European Union adopts the WLTP working condition standard and requires that the average carbon emissions of all new cars sold in 2021 should not be higher than 95g/km. Consequently, it has forced European automakers to accelerate the process of electrification.
The emergence of the epidemic has accelerated to a certain extent the implementation of new energy vehicle policies in European countries based on electric vehicle purchase subsidies and tax reductions. Electric vehicles including 18 passenger minibus have begun to be marketed in a concentrated manner. Therefore, market competition accelerates the transformation of the industry, and there is a long way to go for the electrification of self-owned brand automobile exports.
Finally, simultaneous development of trade and investment, with independent brands starting a new journey of internationalization.
In the process of “going out”, independent brands began to walk “on two legs”, not only attaching importance to export trade but also speeding up overseas investment. Under the epidemic situation, products are still the best “weapon” to respond to the market. Independent brands use new energy vehicles including 18 passenger minibus as the “stepping stone” to test the waters of Europe and prepare for the upcoming full electrification.
See more about auto foreign investment will be fully open in 2022.