Core Viewpoint - Despite efforts from Europe and the US to impose tariffs on Chinese imported cars due to alleged "unfair subsidies," the rapid development cycle and shortened R&D times are the primary factors enabling Chinese automotive brands to dominate the market [1][3]. Group 1: R&D Speed and Market Dynamics - Chinese brands have an average vehicle age of 1.6 years for electric and hybrid models, compared to 5.4 years for foreign brands, indicating a significant advantage in R&D speed [3]. - From 2020 to 2024, the top five foreign car manufacturers in China saw their annual passenger car sales plummet from 9.4 million to 6.4 million, while the top five Chinese manufacturers doubled their sales from 4.6 million to 9.5 million [4]. - Executives from major global automakers acknowledge the threat posed by Chinese competitors and express a desire to learn from their rapid R&D processes [6]. Group 2: Competitive Strategies - Many foreign automakers are collaborating with fast-growing Chinese manufacturers to adopt their operational methods, as seen with partnerships like Volkswagen and Xpeng, Stellantis and Leap Motor [6]. - Chinese automakers have shifted from merely imitating foreign designs to developing unique, faster product release strategies [6]. - The intense competition has led to a market where 93 out of 169 existing Chinese manufacturers hold less than 0.1% market share, indicating a brutal landscape [6]. Group 3: Unique Chinese Speed - Since Tesla launched the Model Y in 2020, BYD has introduced over 40 new models and 139 updates, showcasing an impressive pace of innovation [7]. - The flat organizational structure in Chinese companies allows for quick decision-making, enhancing flexibility and speed in development [7]. - Chinese engineers often work longer hours, contributing to the rapid pace of development compared to their global counterparts [7]. Group 4: Digital Development and Quality - Chinese automakers increasingly rely on digital R&D, enabling parallel deployment of global teams, which can significantly reduce development time [12]. - Despite shorter review processes, Chinese brands consistently achieve high safety ratings, such as five stars in the Euro NCAP tests, challenging the perception of lower quality [12]. - Standardized platforms and components across models help Chinese manufacturers save time and costs, with companies like Zeekr utilizing extensive databases to optimize parts selection [12]. Group 5: Agile Product Development - Companies like Chery propose multiple digital design options for each new model, allowing for rapid iteration based on market feedback [14]. - If a model fails to resonate with consumers, it can be quickly redesigned and reintroduced within two years, demonstrating agility in product development [14].

（文/观察者网 张家栋 编辑/高莘） 据市场研究公司Dataforce当地时间6月24日公布的数据显示，今年5月，中国汽车品牌在欧洲的销量同比 增长85%，超过6万辆。 在欧洲整体市场销量仅有111.6万辆，同比增幅1.3%的前提下，中国汽车制造商的强劲增长令其在欧洲 的市占率达到5.4%，创下历史最高纪录。据统计，这一数字在去年同期为3%，今年4月则为4.6%，市占 率的再度刷新，也证明中国汽车品牌在欧洲影响力的日益提升。 《欧洲汽车新闻》在相关报道中表示，中国汽车制造商的强势表现，抵消了欧洲品牌当月的疲软以及日 本和韩国汽车制造商的下滑。 曾一度因欧盟关税问题停止向欧洲出口的名爵品牌，则依旧凭借以燃油车为主的销量占比稳居欧洲销量 冠军宝座，今年前五个月销量共计12.6万辆，比亚迪和奇瑞则分别为5.4万辆和2.9万辆。 本文系观察者网独家稿件，未经授权，不得转载。 从销量统计来看，5月在欧销售的6万辆中国品牌汽车中，BEV销量增长31%，达到 1.7万辆；PHEV销量 增长874%，达到1.3万辆；全混合动力汽车（HEV）销量上涨991%，达到9560辆；汽油车增长20%，达 到1.7万辆。 从比例来看，中 ...

Core Viewpoint - BYD and Chery are increasing their investments in the South African market amid rising global trade tensions and the ongoing expansion of Chinese automotive exports [1][3]. Group 1: Company Strategies - BYD plans to nearly double its dealer network in South Africa by next year, aiming to increase its market share [3]. - By the end of this year, BYD intends to have approximately 20 dealerships in South Africa, with a target of expanding to about 30 or 35 by next year [3]. - Chery has launched two hybrid models, the Euromanda C9 and Jaecoo J7, in South Africa, marking its entry into the plug-in hybrid vehicle market in Africa [5]. Group 2: Market Potential - The African electric vehicle market is projected to reach $21.4 billion by 2027, with an average annual growth rate of 10.2% from 2022 to 2027 [8]. - Despite limited infrastructure, supportive government policies in several African countries are attracting Chinese automotive manufacturers [7][8]. - In 2023, exports of Chinese new energy vehicles to Africa increased by 291% year-on-year [8]. Group 3: Regional Focus - South Africa is identified as a key market for Chinese automakers due to its status as the first African country to implement policies for electric vehicle manufacturing, sales, and usage [8]. - The country is considered one of the most developed in Africa, making it a primary target for expansion by Chinese car manufacturers [8]. - Other Chinese automakers, such as GAC, Great Wall, and Changan, are also increasing their focus on the African market [9].

奇瑞进入欧洲市场选择了一条看上去最反常、最没有希望的路——首先押注在内燃机 上，然后再跟进电动车和混动车。 编者荐语： 日本经济新闻社与金融时报2015年11月合并为同一家媒体集团。同样于19世纪创刊的日本和英国的两家 报社形成的同盟正以"高品质、最强大的经济新闻学"为旗帜，推进共同特辑等广泛领域的协作。此次， 作为其中的一环，两家报社的中文网之间实现文章互换。 以下文章来源于FT中文网 ，作者张冬方 FT中文网 . 英国《金融时报》集团旗下唯一的中文商业财经网站，旨在为中国商业菁英和决策者们提供每日不可或 缺的商业财经资讯、深度分析以及评论。 文丨FT中文网专栏作家 张冬方 在看到奇瑞汽车旗下两大品牌JAECOO和OMODA在欧洲的最新销量数据时，我想起了这家 企业的那句出海哲学："慢有时候就是快。" 据JATO欧洲28国（25家欧盟主要成员国、挪威、瑞士和英国）数据，在2025年第一季度， 奇瑞专为全球市场设计的两大品牌JAECOO和OMODA 的销量分别为13829辆和7947辆。看 上去并不多，但必须考虑到的背景是，奇瑞2024年2月才正式进入西班牙开始了其入欧征 程，目前进入的市场和推出的车型均相当 ...

Core Insights - The electric vehicle (EV) wave is rapidly transforming the global automotive industry, with Chinese automakers accelerating their overseas expansion, particularly in Malaysia, which is becoming a key market for them [2][3] Group 1: Market Dynamics - Stellantis and Leap Motor are launching a local assembly project in Malaysia with an initial investment of €5 million, aiming to produce the Leap C10 model by the end of 2025 [3] - Malaysia's new car sales reached a record high of 816,700 units in 2024, surpassing both 2022 and 2023 figures, while Thailand's sales dropped by 26% to approximately 570,000 units [3] - The Malaysian automotive market is characterized by strong local brands, Proton and Perodua, which hold about 60% market share, while Japanese brands account for around 30% [4] Group 2: Chinese Automakers' Strategies - Chinese automakers like Geely and BYD have made significant inroads into the Malaysian market, with Geely acquiring a 49.9% stake in Proton in 2017 and expanding its presence through technology sharing [4][7] - BYD's Atto 3 has quickly become a best-seller since its launch in late 2022, indicating strong demand for Chinese EVs in Malaysia [8][9] - Chery has also re-entered the Malaysian market, launching multiple models and establishing a new factory in Shah Alam, which is expected to enhance its local production capabilities [8] Group 3: Government Initiatives and Market Potential - Malaysia aims to increase the share of electric vehicles to 15% by 2030 and 38% by 2040, supported by tax incentives for EV manufacturers [6] - The country has introduced various tax exemptions for electric vehicles, including a 70%-100% income tax reduction and exemptions from import duties and sales taxes for locally assembled EVs [6] - The presence of Chinese automakers is driving significant growth in Malaysia's EV sales, which doubled to 21,789 units in 2024 compared to 10,159 units in 2023 [9] Group 4: Supply Chain and Local Production - Chinese automakers are establishing a comprehensive supply chain in Malaysia, with local production facilities for battery manufacturers and parts suppliers [11] - Companies like EVE Energy have begun operations in Malaysia, supporting local production with battery supply [11] - The local assembly of vehicles, such as the Leap C10, will leverage Stellantis's existing facilities, enhancing cost efficiency and market reach [10]

作 者丨巩兆恩 编 辑丨包芳鸣，江佩佩 图 源丨2 1世纪经济报道 2月2 8日，奇瑞汽车正式向港交所递交IPO申请，这次一旦成功，对这家国内唯一未上市的大 型汽车集团来说，可算是一个里程碑事件。 | | 28/02/2025 整體協調人公告 - 委任 四 | | --- | --- | | 28/02/2025 | 奇瑞汽車股份有限公司 28/02/2025 申請版本(第一次呈交)全文檔案 四国 多檔案) | 据招股书，中金、华泰及广发为联席保荐人。 奇瑞汽车最新股权架构 要圆2 0年的上市梦了？ 2 0年漫漫上市路，再迎回响。此前，因种种因素奇瑞汽车的"上市之路"屡次受阻。作为中国 唯一没有上市的大型车企，奇瑞汽车此次冲击港股IPO，手中似乎握住了更多筹码，奇瑞"上 岸"时机终来？ 奇 瑞 汽 车 招 股 书 显 示 ， 2 0 2 2 年 、 2 0 2 3 年 、 2 0 2 4 年 1—9 月 ， 奇 瑞 汽 车 营 收 分 别 为 9 2 6 . 1 8 亿 元 、 1 6 3 2 . 0 5 亿 元 、 1 8 2 1 . 5 4 亿 元 （ 人 民 币 ， 下 同 ） ； 净 利 润 从 2 ...