CHANGAN AUTOMOBILE-B(SZ:000625) Zhong Guo Qi Che Bao Wang·2025-09-18 10:36Group 1: Overview of China's Automotive Industry Going Global - The "Belt and Road" initiative has led to significant achievements in international cooperation, with the automotive industry being a prime example of this success [3] - China has become the world's largest automobile exporter since 2023, surpassing Japan, with exports reaching 4.292 million vehicles from January to August 2025, a year-on-year increase of 13.7% [3] - Exports of new energy vehicles (NEVs) reached 1.532 million units during the same period, marking an impressive growth of 87.3% [3] Group 2: Export Channels and Logistics - The Horgos port has emerged as China's largest land port for automobile exports, with 421,000 vehicles exported in 2024, reflecting a 38.6% increase [4] - Chinese shipping companies have customized large roll-on/roll-off ships to meet the demands of automobile sea transport, with approximately 75% of vehicles exported via this method in the first half of the year [4] Group 3: Impact on Local Markets - Chinese automotive brands such as BYD, Chery, and Great Wall have gained popularity in international markets, significantly enhancing local automotive choices and improving transportation quality [5] - In Kazakhstan, six out of the top ten best-selling car brands in the first half of 2025 were Chinese brands, showcasing their market penetration [5] Group 4: Global Manufacturing and Talent Development - Chinese automakers are actively participating in the global automotive industry by establishing assembly plants in various countries, providing technical training to local employees, and fostering local talent [8][9] - The establishment of after-sales service networks in Brazil and the operation of factories in Russia exemplify the transfer of Chinese automotive manufacturing standards to international markets [9] Group 5: Social Responsibility and Green Development - Chinese automotive companies are committed to localizing production and contributing to the development of local industries, creating job opportunities, and supporting community projects [11] - Initiatives such as the establishment of scholarships and donations to educational institutions in various countries highlight the social responsibility of Chinese automakers [11] Group 6: Conclusion on Global Integration - The evolution of the automotive industry reflects China's commitment to open cooperation and mutual benefit, as it continues to share technological advancements and development opportunities with countries along the "Belt and Road" [12]