According to data released by Cui Dongshu, secretary-general of the CPCA (China Passenger Car Association), sales of China’s independent brand vehicles in overseas markets have reached 470,000 units in January-March 2024, recorded a year-on-year increase of 40%.

This export growth was mainly due to the improved international price/performance ratio of fuel vehicles and the surge in exports of new energy vehicles.

Among all the brands, BYD, SAIC, Geely and Great Wall have done particularly well in new energy vehicle exports. Of particular note in this area is BYD with an impressive sales performance in overseas market.

From January to March 2024, BYD exported a total of 47,238 units, more than the sum of SAIC (31,018 units) and Geely (13,384 units).

Other brands that make the top 10 include Great Wall (5,177 units), HOZON New Energy (2,927 units), Xiaopeng (1,432 units), GAC (1,348 units), Chery (1,052 units), Seres (914 units) and Chang'an (870 units).