Some analysts believe that by 2025, Chinese electric vehicle manufacturers may occupy 18% of the European market.

One in six cars is produced by a Chinese EV maker, up from about 3% today

　　Our reporter Xu Yiming

　　With the continuous development of the new energy vehicle industry, the competition in the industry has become increasingly fierce.

Since November, many car companies including BYD, Xiaopeng, Weilai, Ideal, GAC Aian, Nezha, SAIC and other car companies have successively released sales data for October.

Judging from the published data, many car companies have sold more than 10,000 vehicles, with an obvious year-on-year or month-on-month increase, but there are also some car companies that have seen a significant decline in sales.

　　The China Passenger Car Association stated that the production and sales situation of the national new energy passenger vehicle market was flat in October, and the leading manufacturers strived to maintain a strong and good momentum.

In September, 16 companies with wholesale sales of more than 10,000 vehicles accounted for 83.3% of their monthly sales. The estimated October sales of these companies with sales of more than 10,000 vehicles in September were 567,000 vehicles. The national sales of new energy passenger vehicles reached 680,000 units, an increase of 1% from September sales.

　　BYD's monthly sales exceeded 200,000 units

　　GAC Aeon achieves full-year target ahead of schedule

　　Under the blessing of the "Golden Nine Effect", some auto brands have also achieved good results in the "Silver Ten".

In October, BYD's new energy vehicle sales reached 217,800 units, a year-on-year increase of 168.89% and a month-on-month increase of 8.20%, and the monthly sales exceeded 200,000 units for two consecutive months.

According to the forecast and calculation of the Passenger Federation, for every 10 new energy vehicles sold in the market, about three are from BYD.

　　In addition to BYD, GAC Aian, Nezha, SAIC and other car companies have also handed over excellent "transcripts".

In October, the sales volume of GAC Aion reached 30,063 units, and the cumulative sales volume in the first 10 months was 212,384 units, a year-on-year increase of 149.20%, exceeding the annual target of 200,000 units two months ahead of schedule.

The monthly sales of SAIC's new energy vehicles once again exceeded the 100,000-unit mark, reaching 101,700 units. The cumulative sales volume in the first 10 months was 800,000 units, which has exceeded the level of last year.

Nezha delivered 18,016 cars in a single month, a year-on-year increase of 122%, and its sales surpassed that of Weilai, Xiaopeng, and Ideal in one fell swoop.

　　On the other hand, for the new force Sanjie "Wei Xiaoli", the sales volume of Weilai and Ideal both increased year-on-year, but fell month-on-month, while Xiaopeng showed a year-on-year and month-on-month decline.

In October, NIO delivered 10,059 vehicles, a year-on-year increase of 174.30%, and a month-on-month decrease of 7.52% from the 10,878 vehicles delivered in September.

Ideal delivered 10,052 vehicles, a year-on-year increase of 31.4%, but a month-on-month decrease of 12.83% from the 11,531 vehicles delivered in September.

　　Xpeng delivered 5,101 vehicles in October, down 49.7% year-on-year and 39.8% month-on-month, showing a downward trend for four consecutive months.

He Xiaopeng, chairman and CEO of Xpeng Motors, said that the current logistics, transportation and delivery preparations for the Xpeng G9 have been fully implemented.

On October 27, Xiaopeng G9 officially started large-scale delivery.

From November, the output of G9 will climb steadily, accelerate the delivery of G9 to more users, and drive the overall delivery volume to continue to increase.

　　In an interview with a reporter from Securities Daily, IPG China Chief Economist Bai Wenxi said that in the face of fierce competition, in addition to strengthening research and development to ensure technological leadership, new energy vehicle companies must also strengthen market innovation and resource integration to consolidate their own market position and increase market share.

　　The strong rise of independent brands

　　New energy vehicle companies go overseas

　　On November 7, the General Administration of Customs released data showing that China exported 352,000 vehicles in October, a year-on-year increase of 60.00%.

From January to October, China exported 2.615 million vehicles, a year-on-year increase of 52.8%.

　　The China Association of Automobile Manufacturers expects that under the continued effect of policies to stabilize the economy and promote consumption, automobile production and sales will continue to maintain rapid growth in the fourth quarter of this year, new energy vehicles and automobile exports will continue to develop well, and the automobile market will achieve steady growth throughout the year.

　　It is worth noting that the automotive research institute of S&P Global recently released a report saying that by the end of 2023, the European energy crisis may cause its automobile production to drop by nearly 40% per quarter on average, that is, more than 1 million vehicles, which will give China's new energy vehicles to enter the market. The European market brings great opportunities.

　　"With the strong rise of my country's own brands of new energy vehicles, BYD, NIO, Geely, Lantu and other car companies have released overseas layout signals to the market, and the penetration rate of domestic new energy vehicles in overseas markets will increase rapidly." Beijing Wang Peng, a researcher at the Academy of Social Sciences, told the "Securities Daily" reporter that having a relatively complete new energy vehicle industry chain and the rapid iteration of superimposed products are important reasons why foreign customers favor Chinese new energy vehicles.

　　On October 4, BYD signed a purchase agreement with German car rental company Sixt, and its products entered the German market smoothly; on October 8, NIO announced to expand its European market share and decided to launch three models of ET7, ET5 and EL7 to Germany and other four countries Model; On November 4, Geely Auto and Hungarian Grand Auto Central Europe held a strategic cooperation signing ceremony in Budapest, marking the first time Geely Auto will enter the EU market.

Under the agreement, Grande Auto will sell Geely's Geometry C electric car in Hungary, the Czech Republic and Slovakia, with the first cars expected to go on sale in the first half of 2023.

Following Norway, Lantu Motors plans to enter Sweden, the Netherlands, Denmark, Israel and other countries from 2023 to continuously expand overseas markets and enhance brand influence.

　　Bai Wenxi said that the development of some new energy vehicle companies in overseas markets, on the one hand, shows that China's new energy vehicles have strong industry competitiveness and market expansion capabilities; on the other hand, it also shows that the domestic new energy vehicle market competition has relatively Very intense.

　　According to an analysis by Fitch Solutions, by 2025, Chinese electric vehicle manufacturers may account for 18% of the European market.

One in six vehicles is produced by a Chinese EV maker, up from about 3 percent today.

(Securities Daily)