Passenger vehicle exports in China, both from domestic and foreign automakers, increased during the first four months of the year.
Sedan, SUV, MPV and minivan exports from January to April were up 24% to 194,200 units compared with the same period last year, according to the China Association of Automobile Manufacturers. Auto exports overall increased 12.7% to 316,000 units, dragged down by a 1.7% fall to 121,900 units in the commercial vehicle exports.
“China has become an important passenger vehicle export hub,” said Namrita Chow, manager and senior analyst of consulting firm IHS Automotive. “Chinese automakers are entering more small and emerging vehicle markets, and increasing overall total vehicle export volumes – but the longer-term aim is to export greater volumes to large markets.”
Recent data from IHS, shows that China auto exports continue to be led by domestic automakers such as Zhejiang Geely Holding Group, Chery Automobile and Great Wall Motor, as they continue to expand in emerging markets. During the first quarter Chery’s exports reached 33,316 units in 20 markets, Geely delivered 24,333 units in 15 markets and Great Wall exported vehicles in 22 markets.
“We are always looking for opportunities to sell our vehicles outside China with a focus on emerging markets,” said Bob Socia, president of General Motors China.