China’s auto exports in January and February reached 66,100 vehicles, up 50.02% from a year earlier, with the export value totaling $871 million, up 23.08%, Xinhua News reported, citing the latest industry data.
The statistics released yesterday by the China Association of Automobile Manufacturers (CAAM) also show that the country’s automakers exported about 30,000 vehicles in February, up 76.03% year on year, but down 16.54% month on month, scoring $393 million in export value, up 47.24% y/y, but down 16.06% m/m.
As the country’s auto export sector is showing clear signs of recovery, automakers in China have made ambitious export plans.
Chery Auto chairman Yin Tongyao said the company has set up nine CKD plants in other countries, and is planning for another six overseas plants.
BYD Co., China’s leading electric car maker, aims to export 16,000 vehicles, or 5% of this year’s sales target of 800,000-units, including its oil-fueled and new-energy cars.
Some industry experts have expressed cautious optimism about China’s auto exports, predicting that auto exports won’t see a significant growth this, despite a steady trend toward recovery.
Sales of Chinese cars in their major overseas markets such as the East Europe, Africa, West Asia and Southeast Asia will not grow rapidly after the global financial crisis,” an expert said. “The overseas sales networks will also take time to build.”