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Industry

​China sees surging NEV orders from developed countries

February 11, 2022


Abstract : China's new energy vehicles (NEVs) are gaining popularity in overseas markets, especially in developed countries, reported Shanghai Securities News Friday.

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Photo taken on Jan. 6, 2021 shows the bus assembly workshop of a local new energy vehicle manufacturer in Nanjing, capital of east China's Jiangsu Province. (Xinhua/Li Bo)

BEIJING, Feb. 11 (Xinhua) -- China's new energy vehicles (NEVs) are gaining popularity in overseas markets, especially in developed countries, reported Shanghai Securities News Friday.

According to statistics from the China Association of Automobile Manufacturers (CAAM), China exported 310,000 NEVs in 2021, a year-on-year increase of 300 percent.

Aiways Automobile Co., Ltd., a start-up NEV maker in China, exported 1,676 NEVs to France, Germany, Italy, the Netherlands and other developed countries in 2021, a year-on-year increase of 62.9 percent.

China's major automaker SAIC Motor Co., Ltd. (600104. SH) has seen its own brands MG and MAXUS sell over 50,000 NEVs in Europe, Australia, New Zealand and other developed countries and regions throughout 2021.

According to the statistics of CAAM, among China's top 10 NEV exporters in 2021, nine Chinese brand auto companies posted rapid growth compared with the same period of 2020, four of which registered an NEV export growth rate of over 100 percent.

Xu Haidong, deputy chief engineer of CAAM, said that China's NEVs are globally competitive due to advantages in industrial chain layout including the research and development of products, quality verification and EV cells.

With high cost performance, China's NEVs are increasingly recognized by the European industry and users. Christina Bu, secretary general of the Norwegian Electric Vehicle Association, said that Norwegians speak highly of China's NEVs, and she herself has a good driving experience.

A report on the European electric vehicle market released by a German professional automobile organization also shows that Chinese EVs are ushering in a period of rapid development in the European market.

As the global energy development moves towards a green and low-carbon transition, many European countries have introduced measures to ban or limit the sales of fuel vehicles. "The surging demand for NEVs in the European market provides a broad development space for China's NEV enterprises," said Xu Haidong.

He also noted that Chinese auto enterprises should pay more attention to improving the product service system, strengthening the integration of auto brands with local culture, and further enhancing the brand value of China's NEVs in overseas markets.

(Edited by Tong Ting, Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

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Keyword: NEVs

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