日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business

Report: Chinese auto sector bright spot amid global woes

By FAN FEIFEI | China Daily | Updated: 2025-05-15 00:00
Share
Share - WeChat

China continues to flex its muscles in the global automotive export market, with Russia remaining a stable source of demand for the nation amid the global tariff war affecting the industry, according to a report released by consulting firm AlixPartners.

The report noted that China's auto exports soared 23 percent year-on-year to 6.4 million passenger vehicles in 2024, more than 50 percent above second-ranked Japan, though it expects growth to moderate to 4 percent in 2025 as tariffs ripple through the market.

Russia and the Middle East remain key destinations for Chinese-origin goods and together accounted for 35 percent of exports last year, according to the report, surpassing the combined shipments to Europe and North America for the first time.

It forecast that Chinese brands will account for 30 percent of the global market by 2030, compared with 21 percent last year. The report surveyed hundreds of automotive executives around the world.

"China's car sales to Russia and Belarus have more than doubled over the past five years, insulating it in part from the volatility of tariffs," said Andrew Bergbaum, global leader of automotive and industrial practice at AlixPartners.

The US government imposed a 25 percent tariff on all cars imported into the United States starting April 3, raising concerns from global automakers, auto parts dealers and consumers.

According to the report, although recent tariffs by the US will increase the cost of China's vehicle and auto components exports by about 24 percent, or $46 billion, this represents only about 3.8 percent of China's total auto industry production value.

Growing exports have been accompanied by continuing growth in the domestic market, which the report forecast will grow by 4 percent year-on-year to 26.8 million vehicles in China in 2025, in sharp contrast to declines in other major markets.

Domestic growth in China is being driven by the rapid adoption of electric vehicles, increasingly with intelligent vehicle features such as autonomous driving systems, said the report, adding that EV sales are forecast to account for 54 percent of the domestic market in 2025.

China's new energy vehicles saw robust production and sales in the first four months of the year. NEV production surged 48.3 percent year-on-year to 4.42 million units in the January-April period, according to the China Association of Automobile Manufacturers.

During the period, NEV sales soared 46.2 percent year-on-year to 4.3 million units, accounting for 42.7 percent of total new vehicle sales during the period, according to CAAM data.

Zhang Xiang, a visiting professor at the engineering department of Huanghe Science and Technology University, said Chinese auto companies should speed up their globalization plan in emerging markets, and diversify their business layouts to reduce dependence on a single market and navigate challenges from Washington's tariff hikes.

By establishing production bases and procurement networks in diversified markets, these companies can make better use of local resources to reduce manufacturing costs and optimize the supply chain structure, Zhang noted.

Moreover, the domestic boom in China's electric and intelligent vehicle sales has changed the trajectory of the price war that started in 2023, with financial incentives and new features increasingly replacing discounts on retail prices, the report noted.

"Complementary intelligent driving features are emerging as a key competitive tool, further distinguishing China-brand offerings from overseas ones," said Yvette Zhang, a partner in automotive and industrial practice at AlixPartners.

The report said advanced driver assistance systems that are Level 2 and above were included on almost 60 percent of passenger vehicle sales in China last year, compared with fewer than 40 percent in the US. The penetration rate of these types of features are also set to increase ahead of other regions.

Chinese brands are leveraging unique advantages to pursue faster and cheaper intelligent driving solutions that are good enough to bring to market, and some global automakers are seeking to learn from them through new strategic partnerships, said Stephen Dyer, Asia leader of the automotive and industrial practice at AlixPartners.

 

Export-bound vehicles awaiting shipment in Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY

 

 

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 色老头久久网 | 午夜亚洲一区 | 成人免费毛片在线观看 | 国产野花视频天堂视频免费 | 成人免费网视频 | 久久久国产精品 | 亚洲一区中文字幕在线观看 | 一本到在线观看视频不卡 | 国产欧美日韩在线播放 | 国产一区二区免费 | 婷婷综合激情五月中文字幕 | 国产一区二区视频在线播放 | 亚洲蜜桃AV色情精品成人 | 日韩久草 | 国产精品k | 婷婷色综合久久五月亚洲 | 亚洲第一区精品观看 | 免费中日高清无专码有限公司 | 97成人精品| 日本欧美一二三区色视频 | 4hu四虎永久免在线视看 | 亚洲欧美在线视频 | 黄工厂精品视频在线观看 | 日本中文字幕在线播放 | 免费看一级视频 | 视频一区二区不卡 | 天天看片天天a免费观看 | 黄在线免费观看 | 91久久精品久久国产性色也91 | 色屁屁www影院免费观看视频 | 国产成人免费视频网站高清观看视频 | 国产在线观看午夜不卡 | 国产一级免费在线观看 | 日日噜噜夜夜狠狠视频buoke | 国产二区在线播放 | 九九热色 | 香蕉福利久久福利久久香蕉 | 欧美二区三区 | 操你网站 | 精品国产午夜福利在线观看 | 免费v片在线观看 |