CBIES AUTOMOTIVE | 2023 China's Auto Industry Exports

According to data from the General Administration of Customs compiled by the China Association of Automobile Manufacturers, in June 2023, my country's complete vehicle export performance was lower than that of the previous month.

In June 2023, my country exported 411,000 complete automobiles, a month-on-month decrease of 6.3% and a year-on-year increase of 65.5%; the export value of complete vehicles was US$7.76 billion, a month-on-month decrease of 14.2% and a year-on-year increase of 1.1 times.

In the first half of 2023, 2.341 million complete automobiles were exported, a year-on-year increase of 76.9%; the export value of complete vehicles was US$46.42 billion, a year-on-year increase of 1.1 times.

In June 2023, among the main export models of my country's automobiles, the export volume of pure electric vehicles (except passenger cars with 10 seats and above), sedans, passenger cars, and trucks ranked the top four. Compared with the previous month, the export volume of sedans decreased slightly. The export volume of passenger cars, pure electric vehicles (except passenger cars with 10 seats and above), and trucks all declined to vary degrees; compared with the same period last year, the export volume of trucks dropped slightly, and the export volume of the other three categories showed different degree of growth.

In the first half of 2023, among the main export models of automobiles in my country, compared with the same period of the previous year, the export volume of the four major categories of pure electric vehicles, passenger cars, cars, and trucks maintained varying degrees of growth, of which pure electric vehicles grew faster. significantly.

According to the data from the Passenger Federation, from July 10 to 14, the retail sales of passenger cars reached 354,000, +7% year-on-year, -5% month-on-month; the wholesale volume reached 388,000 vehicles, +11% year-on-year, -5% month-on-month; The change in channel inventory reached 34,000 vehicles, the wholesale data was higher than the retail, and the channel inventory increased. According to Gasgoo, 1) BYD's (268.490, -0.01, -0.00%) destroyer 07 was officially named Seal DM-i; 2) Tesla's China-made Model Y rear-wheel drive version went to South Korea, priced at 56.99 million KRW; 3) It is expected to be launched in the fourth quarter of 2023, and the new Haval H5 will roll off the assembly line; 4) With an investment of 200 million US dollars, Kia will produce a new electric car EV9 in the United States in 2024; 6) Tesla released its Q2 financial report with a gross profit margin of 18.2%. According to the China Federation of Logistics and Purchasing, from July 10th to July 14th, China's road logistics freight index was 1024.78 points, up 0.02% from last week, of which, the vehicle index was 1026.13 points, +0.01% month-on-month; the less-than-truckload light cargo index 1020.21 points, +0.03% month-on-month; LTL heavy cargo index 1025.21 points, +0.02% month-on-month.

Information source: Sina Technology, Sina Finance