China Auto Daily丨China's Vehicle Exports Surge by 27.3% in First 8 Months 2024

China’s complete vehicle exports hit 4.094 million units from January to August 2024. Meanwhile, BYD aims for 50,000 EV sales in Mexico, and Geely launches the budget-friendly Xingyuan EV.

cls · 2024-10-10

CAAM: Customs data shows that from January to August 2024, the export of complete vehicles reached 4.094 million units, a year-on-year increase of 27.3%.

The China Automobile Manufacturers Association's data from the General Administration of Customs indicates that in August 2024, the export of complete vehicles was 610,000 units, a month-on-month increase of 10.4% and a year-on-year increase of 39.5%. The export value reached $10.92 billion, with a month-on-month increase of 9.4% and a year-on-year increase of 32.7%. From January to August 2024, the export of complete vehicles was 4.094 million units, a year-on-year increase of 27.3%; the export value reached $76.08 billion, a year-on-year increase of 19.9%.

China Passenger Car Association: The estimated wholesale sales volume of new energy passenger cars in September is 1.228 million units, a year-on-year increase of 48%.

According to the China Passenger Car Association, the preliminary estimate for the wholesale sales volume of new energy passenger cars in September is 1.228 million units, a year-on-year increase of 48% and a month-on-month increase of 17%.

China and Europe will continue to consult on the electric vehicle anti-subsidy case.

According to informed sources, recently, China, the United States, and the European Union have had intensive communications on trade issues such as electric vehicles. After the representatives of the EU member states voted in favor of the final draft of the EU electric vehicle anti-subsidy case on October 4, the China-EU working team will continue to consult.

BYD expects to sell 50,000 vehicles in Mexico this year, with sales doubling next year.

On October 9, BYD's General Manager in Mexico, Jorge Vallejo, stated that BYD is expected to sell 50,000 electric vehicles in Mexico this year, reaching 100,000 units in 2025. Vallejo said that BYD will announce the location of its first factory in Mexico by the end of this year.

Neta Auto announces entry into Uzbekistan.

On October 9, Neta Auto officially launched the Neta X in Tashkent, the capital of Uzbekistan, and held a delivery ceremony for the first 30 owners. At the same time, the first flagship store in the Central Asian market will also start operation, marking the official entry of Neta Auto into the Central Asian market.

Geely Xingyuan is officially on the market at a starting price of 69,800 yuan,

On October 9, the all-new Geely Xingyuan was officially launched, with the time-limited preferential price range for the 5 trims ranging from 69,800 to 98,800 yuan. The new car is positioned as a small electric vehicle, is equipped with a rear single-motor drive, and adopts a lithium iron phosphate battery pack. The battery capacity is 30.12kWh and 40.16kWh, with a corresponding pure electric CLTC range of 310 kilometers and 410 kilometers. In addition, the new car supports a charging rate of 1.66C, and can travel 120 kilometers in 10 minutes of charging.