Autoblog, citing the China Automobile Manufacturers Association, announced that car sales in this country in July (July and August) decreased by five percent compared to the previous year; But exports increased by about 20 percent; Because Chinese electric car manufacturers have expanded their presence in global markets.
The sales of passenger cars reached about two million units, of which about 1.6 million units were sold inside China, and this number decreased by 10% compared to the previous year. The total export of passenger cars increased by more than 20 percent and reached 399,000 units.
More than half of all cars sold were electric and plug-in hybrids. Chinese automakers have increased car exports as demand in the domestic market has weakened; But on the other hand, the United States and the European Union have increased tariffs on Chinese car imports. A number of Western countries believe that government subsidies provided by the Chinese government give the country’s automakers an unfair advantage in the market.
China’s Ministry of Commerce announced that it has submitted the provisional tariffs imposed in early July to the WTO’s dispute settlement mechanism: “The initial opinion of the European Union is baseless and illegal, grossly violates WTO rules, and is detrimental to the overall situation.” “Global cooperation in dealing with climate change is damaging.”
China’s Ministry of Commerce continued in its statement: “We call on the European Union to immediately correct its wrongful actions and work together to maintain the stability and economic and trade cooperation between China and the European Union and the supply chain of the electric vehicle industry.”
China is offering incentives to encourage people to replace old gasoline and diesel cars with electric ones in an effort to boost demand and counter its slowing economic growth, as well as promote cleaner transportation.
While the overall car sales have taken a downward trend, the sales of Chinese electric cars in July (July and August) increased by almost 30% compared to the previous year and reached about 991,000 units. Of these, 887,000 units were sold in China and 100,300 units were exported outside of China.
Sales of non-Chinese automakers have declined, reflecting fierce price competition in China’s saturated market. The share of Chinese car manufacturers in car sales is growing rapidly and has reached two thirds of the total car sales.
Most of the cars sold in China between January and July (December 1402 to August 1403) were priced between 100,000 and 150,000 yuan (about $14,000 and $20,000). The largest volume of electric vehicles sold were in the price range of 150,000 to 200,000 yuan ($20,500 to 28,000).
Chery, Syke Motor and Geely still export more internal combustion vehicles than EV makers such as BYD and Tesla. BYD exported 31,000 electric and hybrid cars last month, and Tesla’s exports reached 28,000. Russia has been the destination of a large volume of exported cars from China.
