Analysis of China's New Energy Vehicle Import and Export in the Latest Year of 2024
Aug 02, 2024New Energy Vehicles (NEVs) refer to vehicles that adopt new power systems and rely entirely or mainly on new energy for propulsion. With the global emphasis on environmental protection and energy security, the development of new energy vehicles has received increasing attention and support. China is the world's largest market for new energy vehicles, with sales and ownership ranking among the top in the world. China not only proposes various preferential subsidy policies, but also has a complete new energy vehicle industry chain, including battery manufacturing, electric vehicle manufacturing, and charging infrastructure construction.
Today, let's take the example of motor vehicles mainly used for carrying passengers that are only equipped with drive motors to understand the comprehensive situation of China's new energy vehicle exports.
According to customs data, the export volume of new energy vehicles in China has shown a significant upward trend from 2018 to 2024, with a total export volume of 499993 vehicles in 2021, a year-on-year increase of 157.9%. In terms of export value, the total export volume in 2021 was 8.597 billion US dollars, a year-on-year increase of 444.5%. As of May 2024, the cumulative export volume was 717500 vehicles, a year-on-year increase of 19.39%. The cumulative total export value was 14.603 billion US dollars, a year-on-year increase of 3.12%.
Based on the above data analysis, it can be seen that China's new energy vehicle industry is rapidly rising in the export market, and in the future, with further technological development and global market expansion, the export volume and amount are expected to continue to grow. With the advancement of China's new energy vehicle technology and the increasing international influence of brands, Chinese made new energy vehicles have gained higher recognition in the global market, especially in emerging markets and regions with strict environmental regulations.
According to customs data, the export markets for China's new energy pure electric vehicles are mainly concentrated in the European and Asian markets, accounting for 60.08% and 23.91% of the total export value, respectively. The European market is the main growth point, and due to the strict carbon emission regulations and policies encouraging new energy vehicles in the European Union, the demand for pure electric vehicles in Europe is rapidly increasing. Mainly in Belgium, the United Kingdom, Spain, Germany, and the Netherlands. In the past two years, the Asian market has also been accepting Chinese electric vehicles for coinage, especially in markets such as Thailand, South Korea, and Japan. Although the penetration rate of Chinese pure electric vehicles in the American market is relatively low, China also has a certain market share in markets such as Canada, Brazil, and the United States.
Chinese new energy vehicle brands will continue to strengthen their international layout, by establishing overseas factories, increasing sales outlets, and improving after-sales services, further consolidating and expanding their international market share. At the same time, with the global emphasis on environmental protection and sustainable development, it is expected that the export market for pure electric vehicles in China will continue to expand, especially in emerging markets and regions with strict environmental regulations.