Industry trends

Why is China's auto industry rising? Let's look at three interesting statistics: In the international market, in the first eight months of this year, China's auto export volume surpassed Germany to become the world's second, some people say that by Tesla, but the data is that Tesla accounted for less than 10% of China's export. In the domestic market, BYD Qin plus overtook Nissan SYLPHY, which had been the No. 1 A-class sedan, to become the No. 1 seller. This is not A market that relies on low prices. And in September, the share of our own brand passenger cars finally exceeded 50%。

Twenty years ago, if someone told you that Chinese cars can become the second largest in the world, and the average price is more than 100,000 yuan, you probably thought it was a joke. Because 20 years ago, we exported only 50,000 cars. So far this year, we have more than two million.

There are three key points:

1. Thanks to its strategy of vigorously promoting new energy vehicles, BYD has surpassed Tesla to become the world's No. 1 seller.

2. A complete automobile industry chain can basically realize closed-loop production, which will have little impact no matter how the international environment changes.

3. Since the beginning of this year, Europe has been unstable, and the direct result is that the production capacity is not available, but the impact on us is relatively small.