China Auto Daily丨Chinese Brands Shine at the 2024 Paris Motor Show
China's used car transactions and automotive exports show robust growth in 2024. Highlighted are new model launches and international expansion strategies of Chinese brands at the Paris Motor Show and beyond.
China Automotive News · 2024-10-15
CADA: China September used car transaction volume reached 1.6584 million units, up 4.19% YoY
Data from the China Automotive Dealers Association shows that in September, the national used car market transaction volume was 1.6584 million units, a month-on-month increase of 5.89%, and a year-on-year increase of 4.19%, with a transaction value of 106.391 billion yuan. From January to September, the cumulative transaction volume of used cars was 14.2168 million units, a year-on-year increase of 5.37%, and the cumulative transaction value was 939.232 billion yuan.
China's automotive export value increased by 22.5% Q1-Q3 2024
Customs statistics show that in the first three quarters of this year, the export product structure of China was optimized, with high-end equipment exports growing by more than 40%. The export of mechanical and electrical products was 11.03 trillion yuan, a growth of 8%, accounting for 59.3% of the total export value. Among them, high-end equipment exports increased by 43.4%, and the exports of integrated circuits, automobiles, and home appliances increased by 22%, 22.5%, and 15.5%, respectively.
Chinese brands gather at the 2024 Paris Motor Show
On October 14, the 90th Paris Motor Show opened at the Paris Expo Porte de Versailles. In addition to the "host" French brands, Chinese automotive brands also had a strong presence, including Hongqi, GAC, SAIC Maxus, BYD, AITO, Xpeng, Leapmotor, Skyworth, etc. Among them, Leapmotor's first model of the new B series, B10, was unveiled, and Xpeng P7+ made its debut and announced its pre-sale price.
Xpeng P7+ debuts at the 2024 Paris Auto Show, starting at a pre-sale price of 209,800 yuan
On October 14, Xpeng announced its global strategy 2.0, as well as new commitments to the European market, and shared new goals for its international business. At the same time, the globally positioned first AI car, Xpeng P7+, officially opened for pre-sale, starting at a pre-sale price of 209,800 yuan. He Xiaopeng said that by 2025, Xpeng Motors aims to enter more than 60 countries and regions worldwide and become the number one Chinese mid-to-high-end new energy brand overseas. Over the next decade, Xpeng will accelerate the expansion of its global "Pengyou Circle (鹏友圈)", aiming for overseas sales to account for half of its total sales.
Zeekr 001 enters into the Brazilian market, starting at 542,200 yuan
Zeekr recently announced that its Zeekr 001 officially entered the Brazilian market, with a starting price of 428,000 Brazilian reais (approximately 542,200 yuan).
BYD released Yuan PLUS in Madagascar to further expand the African market
BYD recently announced that it, in partnership with distributor partner CFAO, released its first new energy vehicle product, the pure electric model Yuan PLUS (known as BYD ATTO 3 overseas) in Madagascar's capital, Antananarivo (Antananarivo). This move marks a further expansion of BYD in the African market.
2017 BYD
S7
201772,000kmPetrol
$4,089
2007 TOYOTA
CAMRY
2007100,000kmPetrol
$4,379
2012 TOYOTA
CAMRY
201289,000kmPetrol
$7,278
2019 HYUNDAI
ELANTRA
201949,900kmPetrol
$7,278
2021 CHANGAN
UNI-K
202173,000kmPetrol
$14,380
2023 GEELY
STARRAY
202323,000kmPetrol
$13,221
2023 HYUNDAI
SANTAFE
202316,600kmPetrol
$24,236
2021 CHANGAN
UNI-K
202141,000kmPetrol
$20,033