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What happened that China suddenly began to shake the car market?

  • April 20, 2023
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China’s Shanghai Auto Show, the world’s largest auto show, began on April 18, 2023, one year after its hiatus due to COVID last year. At the fair, which

What happened that China suddenly began to shake the car market?

China’s Shanghai Auto Show, the world’s largest auto show, began on April 18, 2023, one year after its hiatus due to COVID last year. At the fair, which lasts until April 27, many car giants from all over the world showed their brand new vehicles.

Many companies from Mercedes-Benz to Volkswagen participated in this fair. However, the most striking cars are to Chinese brands belonged to. While these companies introduced their vehicles with remarkable features, some of these vehicles managed to receive thousands of orders in a short period of time. In fact, this is the product of increasing success in recent years. What happened that Chinese brands have increased their success in recent years by producing cars that suddenly attract so much attention? Let’s take a look at this problem.

China ranks second in the world in terms of car exports

China for the first time in its history in 2022 more than three million exports and after Japan second largest car exporter in the world If we dig deeper, we see that the country’s exports in 2012 amounted to 1 million. Two million will be added in 2021. This shows how much the country’s exports have grown in just two years.

Electric cars play a major role

Let’s take a look at the reasons behind this. Perhaps the biggest factor proliferation of electric cars get started. As is well known, due to environmental concerns, both consumers and manufacturers have begun to abandon internal combustion engines and move to carbon neutral vehicles, such as electric ones.

In fact, this situation had a very positive impact on China, which has a large number of electric vehicle manufacturers. Electric cars thus make up a large part of China’s car exports. According to the data, the shipment of these vehicles in 2022 is % compared to the previous year.increased by 120 to 600,000 came up with it. Similarly, data from Europe showed that Chinese companies were successful here. According to this One in ten electric vehicles on the continent is owned by a Chinese company. belong

Perhaps the best example of electric vehicles is the EV manufacturer, which is expected to come to our country. BYD. The company, which is Tesla’s biggest competitor, was among the best-selling brands in the world last year. on the other hand 552 thousand vehicles in the first quarter of this year by selling had increased its sales by 92.81% year-over-year. The giant company once again showed its determination to continue its success by showcasing vehicles for every budget at the Shanghai show.

own batteries and chips Another reason behind BYD’s success is the challenges such as the global chip crisis. basic technologies to deal with it. Luo Hao, one of the executives of the company, drew attention to the investment they have made over the years and said:We have been in the new energy industry for over 20 years. During this time, we have mastered the core technologies of the entire industrial chain, including batteries, motors and chips, and created our own technical pool.” uses expressions.

On the other hand, just like BYD Manufacturers of Chery, Changpan Xpeng, Denza, Li Auto and many more is also increasing rapidly by producing successful electric cars. For example, the N7 model, introduced by Denza at the Shanghai Auto Show, received more than 5,000 orders in just six hours.

Better and original designs

The other reasons behind the success of Chinese brands and the release of vehicles that are shaking the market are the features of the cars both inside and out. Now every vehicle comes out of the country stylish design we see that. Also Chinese brands Stop copying the designs of other Japanese or European manufacturers and start designing their own. to succeed also a great effect.

High technology and safer vehicles

On the other hand, outdated technologies, from autonomous systems to in-car displays, are being integrated into companies’ vehicles. The supercar YangWang U9, which BYD showed at the show, could not only dance, but also jump on its own, thanks to the company’s new advanced suspension technology.

The safety of cars has also reached a very high level and people are no longer “Chinese made is of poor quality” he has lost his mind. Euro NCAP testingthe cars produced in the country have achieved high scores in recent years and It started to become one of the safest vehicles in the world. showed. This means that customers are concerned about quality and safety in markets such as Europe. gain your trust it helped.

And of course they are cheaper

This is perhaps one of the most important factors. Vehicles manufactured in China, compared to their competitors much cheaper it can happen. The reason for this is that the vehicles in the country are due to cheap labour, for example. with low cost can be produced. In other words, vehicles that can be classified as “premium” with such high-end features can come out at low prices. For example, BYD’s model that broke sales records with a range of 605 kilometers with the appearance of a luxury car from the outside. HAN HOMEIt retails for a pretty decent price, starting at $30,000.

In addition, we often see smaller models from Chinese companies, which are much cheaper. For example, Chery’s EQ1, one of the most preferred vehicles in China and expected to arrive in Turkey at the end of this year, was priced at just $10,500. On the other hand, BYD recently introduced the new Seagull city car. This small vehicle, with a range of 305 km, £7730 It debuted at an ultra-cheap price.

As a result, we can see that Chinese brands have achieved this success as they produce both quality and affordable vehicles. It is very likely that in the coming years they will reach a level that will dominate the entire car market.

Source: Web Tekno

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