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Analysis of the status quo of China's electric vehicles going to sea - How does China's tram perform in overseas markets

2024-05-27

With the continuous development of the global economy and the rapid progress of technology, the automobile industry is experiencing unpr

ecedented changes. China's auto export industry is also booming, in 2023 when it is a global auto export power, Xiaobian collated some mar

ket analysis of the current car to sea, hoping to help friends interested in auto exports:


First of all, let's take a look at the development status of new energy vehicles in overseas markets.


Europe and America


At present, the European new energy vehicle market is in a period of rapid development, and the penetration rate of new energy vehicles in Eur

ope will reach 23.4% in 2023. Among them, pure electric vehicles accounted for 15.7%, and plug-in hybrid electric vehicles accounted for 7.7%.

The Nordic market has been at the forefront of electric vehicle penetration. Norway, as not only Europe, but also the world's new energy vehicl

e penetration rate is very high, the penetration rate has exceeded 90%. This was followed by Iceland (60.1%), Sweden (59.8%), Finland (54.4%

), 

Denmark (46.3%) and the Netherlands (43.6%).In 2023, the penetration rate of the US new energy vehicle market in 2023 is 7.7%.


The big European carmakers' own brands are relatively strong. The uncertainty of the economic environment in Europe and the United States

 may have an impact on the new energy vehicle market, and policy changes or adjustments may have an impact on market demand and sales

 prospects. The updated iteration of technology and demand may lead to more intense market competition for new energy vehicles in Europe

 and the United States.


Other Americas


The penetration rate of pure electric vehicles in the 13 countries of the Americas reached 6.2%, as South America's Brazil, with the Brazilian go

vernment launching a new "green" Rota 2030 (tax incentives for the automotive industry) program to incentivize the sustainable developmen

t of the Brazilian automotive industry, the plan also stipulates that all companies in the automotive industry chain, including manufacturers an

d suppliers, will be able to achieve sustainable development. Carbon emissions must be cut by 50% by 2030. It is believed that with the imple

mentation of this policy by the Brazilian government, the share of Chinese new energy vehicles in the Brazilian market will gradually increase


Then there is Chile, which produces very little auto parts and is 90% dependent on imports. Since the signing of the free Trade Agreement

 between Chile and China, it has brought a lot of business opportunities to Chinese automobile enterprises. At present, Chile is one of the 

main export markets for automobiles in South America.


Overall, the pure electric market in most of the Americas is almost in its infancy, with Brazil and Mexico dominating Latin American EV sales, 

and Costa Rica, Uruguay, and Colombia at a very high level of electrification penetration.


Asia-pacific region


In 2023, the BEV penetration rate in 13 Asia-Pacific countries/regions will reach 16.1%. Hong Kong's pure tram penetration rate is at the 

forefront, reaching 64.8%. Vietnam tram statistics only 2023 Vinfast last year's sales (official 34,855), Vietnam's tram market is currently 

mainly looking at Vinfast. In Japan, the world's automotive powerhouse, electrification is completely behind The Times.


After understanding the development status of overseas new energy vehicles, let's take a look at China's new energy market share in these 

markets:


After sorting out the share of Chinese trams in the pure electricity market of the above countries, the differentiated performance of domestic trams in overseas regions is quite prominent.

Ranked at the top of Thailand, Chinese trams in the local market share of 86.7%, while the bottom of the United States only 2.2%. At present, domestic trams have greater opportunities in Southeast Asia, South America and other markets, and even form market leadership demonstrations in some countries, while developed markets such as Europe and the United States are still difficult barriers.

Moreover, it should be noted that countries with a high share of Chinese trams have a low overall tram consumption volume, so the share of Chinese trams in overseas markets is still very small, and the overall pure electricity share in overseas markets is still very small.

Therefore, to sum up, the future of Chinese trams in overseas development space is still very large, and the present is only the beginning.




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