3 6 Ke·2025-07-31 03:12Core Viewpoint - The export sector has become the fastest-growing segment of the Chinese automotive industry, with significant changes in market dynamics and company rankings over the past five years [1][2]. Export Performance - In the first half of this year, China's total automotive exports reached 3.083 million units, marking a year-on-year increase of 10.4% [1]. - New energy vehicle exports surged over 75% year-on-year, while traditional fuel vehicle exports declined by 7.5% [1]. - BYD has emerged as the top-selling Chinese brand in overseas markets, surpassing Tesla in Europe for the first time [1][5]. Company Rankings - Chery remains the leading brand in terms of export volume, with 544,937 units exported, a 3.5% increase [4]. - BYD's exports reached 443,098 units, reflecting a remarkable 118.2% growth [4]. - Other notable performers include SAIC Passenger Cars and Geely, with exports of 242,571 units and 181,953 units, respectively [4]. Market Dynamics - The Russian market, previously the largest for Chinese automotive exports, has seen a significant decline, with exports dropping by 62% year-on-year [10][11]. - In contrast, exports to Latin America, particularly Mexico, have increased by 24%, making it the new largest market for Chinese automotive exports [11][12]. Regional Trends - The UAE, Australia, and the Philippines have also shown substantial growth in Chinese automotive exports, with the UAE seeing a 61% increase [12]. - The demand for plug-in hybrid vehicles is rising, with a year-on-year growth of 177% in exports, contrasting with the slower growth of pure electric vehicles [13][14]. Future Outlook - The overall expectation is for Chinese automotive exports to exceed 4 million units in the second half of the year, potentially reaching 7 million units for the entire year [16].