Core Viewpoint - The article discusses the significant transformation of Chinese fuel vehicles from being ridiculed to becoming competitive in international markets, highlighting their successful export growth and market penetration in regions where electric vehicles face challenges [5][31]. Group 1: Export Growth of Chinese Fuel Vehicles - Since 2020, for every four cars exported from China, three have been fuel vehicles [8]. - In 2021, China exported 2.015 million cars, with 1.705 million being fuel vehicles, accounting for 84.6% of total exports [9]. - In 2022, the total car export volume reached 3.111 million, with fuel vehicles increasing to 2.342 million, representing 78.2% [10]. - In 2023, the export volume of traditional fuel vehicles was 3.707 million, making up 75.4% of total exports [11]. - Projections for 2024 indicate that fuel vehicle exports will reach 4.574 million, maintaining a share of 78.1% [12]. Group 2: Market Performance and Competitive Advantage - Chinese fuel vehicles have gained significant market share in regions like Eastern Europe, Latin America, and Africa, with Chinese manufacturers capturing nearly 16% of the South African market in the first half of the year, up from 10% the previous year [14]. - In Chile, Chinese fuel vehicles account for nearly one-third of the market, while traditional brands like Chevrolet and Nissan have seen sales declines of 34% to 45% [15]. - The competitive edge of Chinese fuel vehicles lies in their cost-effectiveness and superior configurations compared to traditional brands, allowing consumers to purchase higher-spec models for similar prices [21][22]. Group 3: Strategic Adaptations and Local Production - Chinese automakers are establishing production bases in key markets such as Thailand, Brazil, and Russia to reduce costs and enhance local supply chains [26]. - This strategy not only helps in avoiding tariffs and logistics costs but also allows for better market integration and responsiveness to local demands [26]. - Some joint venture brands are leveraging Chinese manufacturing advantages to create globally competitive vehicles, with exports constituting nearly 70% of their total sales [29]. Group 4: Future Outlook - The narrative of Chinese fuel vehicles represents a quiet yet robust response to the global shift towards electric vehicles, focusing on markets where practical needs outweigh technological aspirations [31]. - Despite challenges in brand recognition and scale compared to established players like Toyota and Volkswagen, Chinese manufacturers are poised to leverage their complete industrial chain and strategic initiatives to enhance global competitiveness [32].

Core Viewpoint - The article discusses the significant growth of Chinese fuel vehicles in overseas markets, highlighting their competitive advantages in terms of price and features compared to traditional brands, despite the global shift towards electric vehicles [4][25]. Group 1: Export Growth of Fuel Vehicles - Since 2020, for every four cars exported from China, three have been fuel vehicles [5]. - In 2021, China exported 2.015 million cars, with 1.705 million being fuel vehicles, accounting for 84.6% [6]. - In 2022, the total car export volume reached 3.111 million, with fuel vehicles increasing to 2.342 million, representing 78.2% [7]. - In 2023, the export volume of traditional fuel vehicles was 3.707 million, making up 75.4% of total exports [8]. - Projections for 2024 indicate that fuel vehicle exports will reach 4.574 million, maintaining a share of 78.1% [9]. Group 2: Market Performance and Competitiveness - Chinese fuel vehicles are performing well in secondary markets such as Eastern Europe, Latin America, and Africa, with significant market shares [12]. - In South Africa, Chinese manufacturers captured nearly 16% of the automotive market in the first half of the year, up from 10% the previous year [12]. - In Chile, Chinese fuel vehicles accounted for nearly one-third of the market, while traditional brands saw sales declines of 34% to 45% [12]. Group 3: Advantages of Chinese Fuel Vehicles - Chinese fuel vehicles offer superior cost-performance ratios, allowing consumers to purchase larger and better-equipped vehicles for the same price as basic models from traditional brands [16][38]. - For example, in Saudi Arabia, the price of a base model Nissan Sylphy can buy a fully equipped MG7, which offers better performance and features [38]. - The strategy of providing high configurations at competitive prices has proven effective in attracting budget-conscious consumers [40]. Group 4: Industry Upgrades and Global Strategy - Chinese automakers have upgraded their production standards to meet international safety and reliability benchmarks, moving from merely exporting products to establishing local production bases in key markets [21][42]. - Companies like Chery, SAIC, and Geely have successfully transitioned to building local supply chains and sales networks, enhancing their global competitiveness [21][44]. - Some joint ventures have also leveraged Chinese manufacturing advantages to boost their export operations significantly [23][45]. Group 5: Future Outlook - The narrative of Chinese fuel vehicles represents a "silent yet solid" counterattack in the face of the electric vehicle trend, focusing on practical needs in markets where electric infrastructure is lacking [25][46]. - Despite challenges in brand recognition and scale compared to global giants like Toyota and Volkswagen, Chinese manufacturers are poised to convert their cost and technology advantages into sustainable global competitiveness [25][46].