1/2 of China’s EV exports: those produced in China by Western brands
– Sweden’s Polestar, UK’s MG, US’s Tesla, etc.
-Western EV brands also benefit from subsidies from the Chinese government
We will deliver a summary of articles published in ‘Business + IT’.
China is number one in the world in car exports:
Figure 1: China’s automobile export volume has overtaken Japan in the first half of 2023
China has overtaken Japan in the number of automobile exports.
Exports of Chinese-made EVs are beginning to dominate the market in Europe and Southeast Asia.
A sense of crisis can be heard from people in the Japanese automobile industry.
Breakdown of EVs produced in China:
1. Tesla of the US accounts for 40% of that.
2. Additionally, 10% are brands from European manufacturers.
Global expansion of Chinese EVs:
I tried to decipher export trends based on data.
‘Changes in the relationship between China and Europe and America in EVs’ can be seen.
China General Administration of Customs (Customs) customs clearance statistics:
1. In the first half of 2023, China will export 2,341,000 cars.
2. According to the Japan Automobile Manufacturers Association, Japan’s export volume is 2,023,000 units.
China has overtaken Japan to become the world’s largest automobile exporter.
Breakdown of exports from China:
Figure 2: Trends in the export volume of EV and ICE vehicles in China
Results for the first half of 2023:
1. ‘China’s EV export volume (including PHVs) is 1/3 of the total.
2. ‘The remaining two-thirds are internal combustion engine (ICE) vehicles.’
3. However, on an export value basis, EV accounts for 52% of the tota
Pure Chinese brands are half:
Figure 3: Looking at Chinese EV exports by manufacturer, Western companies account for half of them.
‘About half of China’s EV exports’ are ‘products of Western automakers.’
Pure Chinese brands are only half of the total.
Import of Chinese EVs in Europe:
Figure 4: Western manufacturers account for over 91% of new Chinese EVs registered in Germany
China-made EV ratio in Germany:
An EV that was registered as a new car in Germany from January to June 2023.
32,000 units, or 11.2% of the total, were made in China.
Breakdown of Chinese EVs:
Swedish Polestar: 24.7%
British MG: 23.1%,
Tesla in the US: 21.8%,
Dacia in Romania: 9.9%,
German Smart: 6.1%,
BMW in Germany: 5.6%,
China-specific brands account for only 8.8% of the total.
Capital relationship between China and European manufacturers:
1st place Polestar:
Its parent company is Volvo Cars Group.
Zhejiang Geely Holding Group (Geely) owns 80% of Volvo’s shares.
2nd place MG:
It is controlled by SAIC Motor Corporation (SAIC).
6th place smart:
It is a joint venture between Geely and Mercedes-Benz.
Chinese-made EVs sold in Germany:
1. More than 91% of the total are ‘brands from European and American manufacturers.’
2. 53.9% of the total was produced by ‘European manufacturers owned by Chinese capital.’
Of course, we will also promote Chinese brands such as BYD overseas.
3. Chinese-made EVs use European brand names with Chinese capital.
4. Chinese EVs are cunningly increasing their overall market share.
Rodium Group: Nargiza Sarijanova, Director of China
China’s modus operandi:
1. This is not a method based on inherent competitiveness or technological innovation.
2. The Chinese government provided full support to domestic manufacturers through subsidies.
Europe and America criticize Chinese EVs:
However, it is a double-edged sword for the West to criticize Chinese-made EVs.
because,
‘Western EV manufacturers that produce in China’ have themselves benefited from the Chinese government’s subsidy policy.
Tesla’s Shanghai Gigafactory:
Shanghai Gigafactory will have over 700,000 vehicles in 2022.
Tesla produced half of all cars worldwide.
China’s central and local governments:
2016-2022:
The government provided $57 billion (8.5 trillion yen) in EV manufacturing and purchase subsidies and tax credits.
Tesla also got a share of that. This has increased our competitiveness.
shanghai consulting
AutoMobility CEO Bill Russo
China’s EV export offensive is due to a slowdown in domestic demand.
Consumer subsidies will be discontinued from 2023.
This exacerbated the domestic oversupply.
It has surplus EV production capacity of 10 million units per year.
This will account for two-thirds of North America’s total production in 2022.
Domestic brands dominate in China
80% of EVs sold in China in 2022 will be domestic brands.
European and American brands are starting to struggle.
In September 2023, Tesla’s sales volume in China decreased by 10.9% compared to the same month last year.
https://news.yahoo.co.jp/articles/783687595d3699929752e0262a333d3463ccbc40