Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Local

Shanghai's auto exports pick up as COVID-19 wanes

August 11, 2022


Abstract : Shanghai's automobile exports have picked up as the COVID-19 epidemic wanes and local car manufacturing rebounds, statistics showed.

Aerial photo shows a view of Shanghai Haitong International Automotive Terminal at Waigaoqiao in Shanghai, east China, May 25, 2022. (Xinhua/Fang Zhe)

SHANGHAI, Aug. 10 (Xinhua) -- Shanghai's automobile exports have picked up as the COVID-19 epidemic wanes and local car manufacturing rebounds, statistics showed.

China's exports of passenger cars reached 226,000 units in July, up 76 percent from the same period last year, according to an analysis report released by the China Passenger Car Association on Tuesday.

Shanghai automakers' exports account for some 20 percent of the national total, the association noted, adding that the city's much-improved epidemic situation has driven a significant upturn in the country's auto export.

In July, Shanghai-based major Chinese automaker SAIC Motor exported around 98,000 vehicles, up 91.3 percent year on year and setting a monthly record.

The figures highlight a trend of robust automobile exports extended from the first half in Shanghai.

U.S. automaker Tesla's Shanghai Gigafactory exported 97,182 automobiles in H1, more than doubling the figure for the same period last year, according to Tesla China.

Total automobile exports in Shanghai in H1 reached 556,000 units, with the value totaling 66.73 billion yuan (about 10 billion U.S. dollars), according to customs statistics released in July. The figures surged 36.7 percent and 56.2 percent year on year, respectively.

At the Haitong Pier, one of China's largest auto-export terminals, throughput in H1 increased more than 20 percent year on year, while exports surged over 50 percent, according to Xi Jialin, executive director of the marketing department of Shanghai Haitong International Automotive Terminal Co., Ltd.

"We expect the situation to improve further in the second half," Xi said, adding that the pier has also seen a marked increase in exports to Europe, a highly competitive auto market, over the years.

"Three to four years ago, only about 10 percent of the cars departing from the Haitong terminal were exported to Europe, but in the first half of this year, the figure rose to 40 percent," Xi noted.

SAIC Motor has also been tapping into the market. The company's first batch of vehicles customized for the European market is expected to debut in the fourth quarter, said Zhao Aimin, deputy general manager of SAIC Motor's international branch.

Zhao said the company started to explore the European market in late 2019 and achieved sales of 73,000 vehicles in the market in 2021.

"In 2022, the European market is expected to become the first overseas market where we reach sales of more than 100,000 units," Zhao added.

Scan the QR code and push it to your mobile phone

Keyword: Shanghai auto exports

Reading:

China sees accelerated commercialization of automatic driving

Barometers of foreign trade reflect resilience of Chinese economy

SF Supply Chain to strengthen co-op with Michelin Group by improving supply chain services

China's SMEs development index edges down in July

Xinhua Headlines: How Belt and Road has changed an ancient Chinese city

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial