In 2024, although Chinese cars are facing unprecedented fierce competition in the domestic market, they have gone through all kinds of sharpening in the process of going out to sea.
Even in the face of tariff barriers set up by some countries in Europe and the United States, many Chinese automobile brands still rely on their excellent performance-to-price ratio and perfect and efficient supply chain system, not only taking deeper roots in the “global south” market, but also carving their own distinct imprint in the traditional automobile powers.
According to
, China exported 4.
734 million cars in 2024, an increase of 23.
3% over the same period last year.
Of this total, exports in December were 404000, roughly the same as in November and 4.
1 per cent higher than in 2023.
China’s exports of new energy vehicles have grown rapidly since 2021, and then entered a sustained high growth range.
Although affected by the EU’s policy of imposing countervailing duties on pure electric vehicles this year, the export volume of new energy vehicles reached 1.
012 million in 2024, up 17.
9 per cent from the same period last year, including 122000 in December, up 52.
5 per cent from the previous month and 20.
8 per cent from the same period last year.
In 2024, the export volume of pure electric vehicles reached 921000, an increase of 0.
8 percent over the same period last year.
Among them, the export volume hit an all-time low of 56000 in June and fell below 60, 000 to 58000 in November after reaching a new high in October.
In terms of brands and models, exports of Volvo, Hyundai, Kia, Jianghuai, Lincoln, Chery, BYD, Geely, Harvard, Jetta, Chuanqi, Roewe, Tank and other Chinese brands all surged by more than 50% in 2024.
While the export volume of Mingjue, Tesla and Xingtu dropped by more than 20%.
Ruihu 7 replaced Mingjue ZS as the champion of Chinese model export volume.
The export volume of Song PLUS, Mingjue 3, Changan CS55PLUS, Jianghuai X8PLUS, Boyue L and shortcut travelers all doubled and soared compared with the same period last year, while the export volume of Model Y, MG5 and Mingjue ZS decreased sharply.
Brand TOP20: accounting for nearly 90% of the total, BYD surpassed Tesla to enter the top three.
The export volume of the 
and TOP20 brands was 4.
138 million, accounting for 87% of China’s total car exports, up 26.
9% from last year, and the market concentration was further improved.
Compared with last year, Chery and Mingjue are still the champion and runner-up, and the second runner-up has changed ownership.
In 2024, BYD overtook Tesla to become the new third runner-up, while Tesla fell in the top five, except that the top 10 brands were all the same as in 2023.
The ranking of brands outside the top 10 changed greatly, with GAC MOTOR, Roewe, Buick and Xingtu all falling, while Sihao, Ford, Chevrolet, Honda and Dongfeng were all dropped.
They were replaced by Jianghuai, Volvo, Lincoln, tanks and Hyundai.
Affected by EU countervailing duties, the export volume of 12 major brands in TOP20 dropped sharply in December compared with the previous month.
Among them, the export volume of Xingtu, Changan, Hyundai, GAC MOTOR, Jianghuai, Geely and Lincoln dropped by more than 20% from the previous month.
In particular, the export volume of Changan and Xingdu all showed a cliff decline, of which the export volume of Changan dropped 51% in November and 60% in December.
Its main models Changan CS55PLUS, Changan CS35PLUS and other export volume have dropped greatly compared with the previous month.
On the contrary, the export volume of BYD, Tesla, Jetta and Buick increased by more than 20% month-on-month, especially when the export volume of BYD and Tesla doubled from the previous month.
Among them, BYD’s Song PLUS exported 29244 vehicles in December, up 191.
4% from the previous month, and won the top of the car export list.
Similarly, the export volume of Sea Lion 07 reached 5913 in December, up 181.
8% from the previous month, making it into the top 20 of the December list for the first time.
In 2024, Volvo became the new dark horse in China’s export market, with exports from Hyundai, Kia, Jianghuai and Lincoln doubling and soaring.
Among them, Volvo is on the list, mainly due to the increase in the export volume of its main models such as EX30, XC60, XC40, S90 and so on.
Hyundai’s exports soared 100-fold from 444 in 2023 to 45000 in 2024, with its main models Sonata, Elantra, Hyundai IX35 and Tusheng all exported overseas in 2024, contributing greatly to the surge in Hyundai exports.
On the contrary, the export volume of Mingjue, Tesla and Xingtu fell by more than 20% compared with the same period last year.
Among them, the sharp increase in the export volume of Mingjue is mainly due to the sharp decline in the export volume of its ZS, Mingjue MG5 and other models.
The sharp drop in Tesla’s exports is mainly due to a nearly 60 per cent drop in exports of its Model Y model compared with the same period last year.
Model TOP20: Ruihu 7 won the championship, Song PLUS first entered the top 10, and the export volume of 
and TOP20 models was 2.
17 million, up 27% from the same period last year, accounting for 45.
9% of the total export volume, further increasing market concentration.
Compared with last year, the ranking of TOP20 models exported in 2024 has changed greatly.
The champion and second runner-up all changed ownership.
Ruihu 7’s export volume soared by more than 33% to 238000 vehicles compared with the same period last year, surpassing the famous ZS and Model Y, and won the top spot in the vehicle export list.
the export volume of Model 3 rose nearly 20% from the same period last year to 183000 vehicles, taking the runner-up position.
and the export volume of ZS, the former champion in 2023, fell 17% month-on-month to third place.
Model Y, Harvard’s first love, MG5, MG4 EV and Yuan PLUS fell in the top 10, while Song PLUS, Mingjue 3, Harvard’s first love, Ruihu 8 and Model 3 entered the top 10.
In addition to the 10th place on the list, Baojun 530, MG pilot, Dolphin, Erize 5, Jetway X70, Mingjue EZS and Harvard H6 all dropped out of the list, replaced by Changan CS55 PLUS, Jianghuai X8 PLUS, Boyue L, Baojun 310, shortcut travelers, Dihao and Huanchi.
Affected by the formal imposition of EU countervailing duties, the export volume of most models fell sharply in November and December 2024.
Among them, the export volume of 15 models declined month-on-month in December, including Model Y, Dihao, Huanchi, Boyue L, Changan CS55 PLUS, ou Mengda and Ruihu 7 all fell by more than 20% from the previous month.
In particular, the export volume of Model Y was only 103, which dropped by 95% compared with the previous month, while the export volume of Model 3, Song PLUS, Mingjue ZS, Mingjue MG5 and Ruihu 3X increased by more than 20% month-on-month, especially Model 3 and Song PLUS.
For the whole of 2024, the export volume of shortcut travelers, Boyue L, Jianghuai X8 PLUS, Changan CS55PLUS, Mingjue 3 and Song PLUS all doubled compared with the same period last year, especially the export volume of shortcut travelers and Boyue L soared more than 10 times compared with the same period last year.
While the export volume of Model Y, MG5 and Mingjue ZS fell sharply compared with the same period last year, especially the export volume of Model Y dropped nearly 60% year-on-year, falling from the second place in 2023 to 13th.
Throughout the list of models exported by TOP20, fuel vehicles are still the main export force of China, while new energy vehicles are only on the list.
Tesla Model Y, Model 3, and Song PLUS models.
Chery’s models account for up to 6 seats, Geely and MG each account for 3 seats, Tesla holds 2 seats, Great Wall, Chang ‘an, Jianghuai, Wuling, BYD and Kia each account for 1 seat.
Compared with 2023, MG’s models will have 2 seats less, BYD and Great Wall’s models will have 1 seat less, and Geely, Chang ‘an and Jianghuai are all on the list.
Destination TOP10: Russia, North America, the Middle East, the European Union and Brazil are the five largest exporting destinations in China’s automobile market,
.
” Note: The export forecast in December is the same as that in November.
From the perspective of China’s complete vehicle exporters, China’s automobile exports to Russia are nearly 1.
2 million, making it the largest exporter in China’s automobile market.
Sales of China’s automobile exports to the United Arab Emirates and Brazil have doubled year-on-year.
Sales exports to the United Kingdom, Australia, and the Philippines declined year-on-year, especially sales exports to Australia dropped by more than 18% year-on-year.
Export markets such as Thailand, Australia, the United Kingdom, and Spain will decline significantly in 2024.
export markets such as the United Kingdom, Mexico and Israel will perform relatively poorly in November, and the markets of Brazil and United Arab Emirates have also become core markets for growth.
,” Note: Export forecasts in December are the same as in November.
Judging from the TOP 10 new energy vehicle exporters, Belgium has become the largest exporter in China’s new energy vehicle market.
Sales of China’s new energy vehicle exports to Mexico, United Arab Emirates and Brazil have doubled year-on-year.
The UK, Thailand and Australia markets experienced declines.
, Overall, Russia, North America, the Middle East, the European Union and Brazil will become the five largest export destinations in China’s automobile market in 2024.
European countries such as Belgium and the United Kingdom and Southeast Asia such as Brazil and Thailand are the main directions of China’s automobile exports.
non-EU European countries and two types of markets such as India and Malaysia perform strongly.
, China’s new energy vehicles are mainly exported to Western Europe and Southeast Asia.
In the past two years, developed countries such as Belgium, Spain, Slovenia and the United Kingdom in Western and Southern Europe have continued to become export highlights.
This year, exports from Brazil and other American countries have strengthened.
Self-owned brands SAIC Passenger Cars, BYD and other new energy models performed more tenaciously.
Although the export of new energy vehicles to Europe temporarily slowed down in November, it is expected that as Europe gradually adapts to the impact of countervailing duties, China’s exports to Europe should be able to pick up.
In 2025, China cars will face challenges when going abroad.
As China’s major electric vehicle manufacturers are subject to additional tariffs by the European Union, China’s automobile exports are likely to encounter a “speed bump” in 2025.
Some industry insiders said that despite the slowdown in growth caused by EU tariffs on electric vehicles, China will still be the largest automobile exporter in 2025.
Judging from the current overall sea situation, it is still relatively optimistic.
There is still room for growth in markets such as Southeast Asia, Central Asia, South America, and Africa.
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