汽车行业更新：中国自主车企6月海外销量再创历史新高，南美市场增势强劲

Industry Investment Rating - The automotive industry is rated as "Leading" indicating attractive performance expectations compared to the benchmark index over the next 12 months [2]. Core Insights - Chinese independent automotive brands achieved record overseas sales in June 2024, with a total of 225,000 units sold, representing a year-on-year increase of 45% and a quarter-on-quarter increase of 3%. For the first half of 2024, total overseas sales reached 1.17 million units, up 57% year-on-year [2][3]. - Strong growth was observed in Europe, Asia, and South America, with respective sales increases of 59%, 49%, and 82% year-on-year for the first half of 2024. South America emerged as the fastest-growing market [2]. - Major contributors to export volumes include SAIC and Chery, accounting for 25% and 24% of total overseas sales, respectively. In the Russian market, Chery, Great Wall, and Geely ranked as the top three brands [2][3]. Summary by Sections Sales Performance - In the first half of 2024, Chinese exports to Europe, Asia, and South America were 567,000, 321,000, and 123,000 units, respectively, with South America showing the highest growth rate [2]. - The total export volume for the first half of 2024 was 1.17 million units, with a year-on-year growth rate of 57% [2][3]. Key Export Markets - Russia is the largest market for Chinese independent car exports, with 369,000 units exported in the first half of 2024, accounting for 31% of total exports. Other significant markets include Brazil, Saudi Arabia, Mexico, and Australia [2]. - The top five countries for new energy vehicle exports from China include the UK, Thailand, Israel, Brazil, and Germany, with respective export volumes of 63,000, 62,000, 47,000, 38,000, and 36,000 units [2]. Major Exporters - SAIC and BYD are leading exporters in the new energy vehicle segment, with export volumes of 199,000 and 125,000 units, respectively, for the first half of 2024 [2][3]. - The report highlights the competitive advantage of Chinese independent fuel vehicles due to their cost-effectiveness and increasing market share in regions like Russia and South America [3].