Page 2 - Chinese Economy
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April 20, 2025
U.S. Increases Auto Tariffs: Current Situation and Impacts
Latest Tariff Policy Overview
On March 26, 2025, former U.S. President Donald Trump signed a proclamation to impose additional 25% tariffs on imported vehicles, effective April 3. The tariffs cover passenger vehicles (sedans, SUVs, etc.), light trucks, and key components (engines, transmissions, etc.). Combined with previous adjustments since 2018, current tariff rates for Chinese exports to the U.S. stand at:
- Conventional fuel passenger vehicles: 47.5%
- Electric passenger vehicles: 122.5%
- Auto parts: 47.5%-50.5%
While Trump has recently hinted at possible "exemptions," the current tariffs have nearly reached their ceiling with limited room for further increases.
Actual Impact on Chinese Auto and Parts Exports
Limited Effect on Complete Vehicle Exports
China exported approximately 98,000 passenger vehicles and light buses to the U.S. in 2024, accounting for just 1.8% of China's global vehicle exports by volume. The export value
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April 17, 2025
Structural Reshaping of China's Auto Market: Current Status and Trends
The Chinese automotive market is undergoing a profound structural transformation. Electrification and intelligentization have become the core drivers of industry change, with Chinese brands rapidly gaining market share while foreign brands (including joint ventures) continue to decline.
Key Market Shifts
- Market Share Changes: Chinese brands now account for over 50% of passenger vehicle sales, projected to reach 70% by 2025
- Technology Leadership Shift: China has transformed from "world's largest auto market" to "global automotive R&D hub"
- New Growth Areas: NEVs (including PHEVs and BEVs) are the primary growth drivers, with 55% penetration expected by 2025
Will Foreign Brands Collapse Completely?
Industry analysts suggest structural changes won't eliminate all foreign brands, but those failing to adapt will quickly lose competitiveness.
Major Challenges
- Foreign brand capacity utilization dropped from 73% (2017) to
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April 15, 2025
Chengdu "Mobile Power Bank" Vehicle-to-Grid (V2G) Pilot Project Introduction
Project Background
On April 14, China's National Development and Reform Commission, National Energy Administration, Ministry of Industry and Information Technology, and State Administration for Market Regulation jointly announced the first batch of large-scale V2G application pilot projects. After rigorous evaluation and multiple rounds of selection, Chengdu's "Mobile Power Bank" V2G pilot project was successfully included in the national list of first V2G pilot projects.
V2G Technology Overview
V2G (Vehicle-to-Grid) is a bidirectional interaction technology that transforms new energy vehicles from mere "power consumption devices" into "mobile power banks" capable of supplying electricity back to urban grids. During charging, vehicles draw power from the grid, while during discharging, they can reverse the flow to supply electricity to both the grid and buildings, effectively alleviating peak load pressure on the
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April 10, 2025
Exclusive Overview for Middle Eastern & African Importers
TopUsedCars.com reports - VOYAH, Dongfeng Motor's premium electric vehicle subsidiary, has cemented its position as China's fastest-growing NEV brand with groundbreaking production achievements and cutting-edge technology offerings.
Production & Sales Highlights
- 200,000th vehicle rolled off production line in April 2025
- First 10,000 units achieved in just 553 days post-launch
- 2024 sales surged 70% YoY to 85,697 units
- March 2025 deliveries hit 10,012 units (64% YoY growth)
- Q1 2025 sales reached 26,034 units (59% YoY increase)
Product Portfolio
VOYAH's complete lineup meets diverse market demands:
- FREE SUV - Flagship intelligent SUV
- Lantu Dreamer MPV - Luxury people mover with refrigerator/TV
- Passion Sedan - Premium executive vehicle
- Courage SUV - Newest model with 901km range
Technological Breakthroughs
- Full adoption of Huawei Qiankun ADS 3.0 across all models
- Level 3 autonomous driving models coming 2025
- Courage SUV features 15.05"
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April 02, 2025
Changan Auto Enters European Market and the Global Outlook of "Made in Chongqing" Vehicles
Changan's European Market Strategy
Brand Launch and Market Expansion: On March 21, 2025, Changan Automobile held its European brand launch in Mainz, Germany, marking its official entry into the European market. The event showcased nine new models across its three brands (Changan, Deepal, and Avatr).
Market Plan: Changan plans to expand to at least 10 European regional markets by the end of 2025 and establish a comprehensive business presence across Europe by 2028. The company will set up its own national sales companies in Europe and plans to open up to 60 showrooms in the UK.
Localization Strategy: Changan will promote localized product R&D and manufacturing in Europe. Its European R&D team will deeply participate in product design and optimization to ensure vehicles meet European consumer preferences. The company may establish local manufacturing plants in Europe to reduce costs and improve supply
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April 02, 2025
China-Kenya Economic Cooperation Reaches New Heights with Automotive Deals
Nairobi, Kenya - The recent China (Chongqing)-Kenya Economic and Trade Cooperation Exchange marked a significant milestone in bilateral relations, with major automotive deals taking center stage.
Key Highlights
- 8 signed projects worth approximately 2.8 billion CNY (420 million USD)
- Over 200 participants from government, business, and media sectors
- Major automotive procurement agreements signed by leading Chinese manufacturers
- Commitment to enhanced manufacturing and infrastructure cooperation
Automotive Sector Takes Spotlight
The exchange yielded significant agreements in the automotive sector:
- Lifan Industry (Group) Import & Export Co. signed motorcycle procurement orders with Majindu Motor Vehicle Co. and Zimo Kenya Ltd.
- Chongqing Jinguan Automobile Manufacturing Co. entered into a special vehicle procurement agreement with Jiaohang Ltd. (Somalia-based company)
Expanding Bilateral Cooperation
This year marks the
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March 09, 2025
The Changing Landscape of China's Automotive Market: Homegrown Brands on the Rise
A Shift in Consumer Preferences and the Impact on Joint Venture Vehicles
The automotive industry in China has been witnessing a significant shift in recent years, with domestic brands gaining ground and challenging the dominance of joint venture vehicles. Once revered for their quality and reliability, models like the Toyota Corolla and Honda Fit have seen their sales plummet due to the rise of competitive homegrown alternatives. This article explores the factors contributing to this change and the implications for the future of China's automotive market.
The Fall of Toyota Corolla and Honda Fit
The Toyota Corolla, once a symbol of affordability and reliability, has experienced a dramatic drop in sales, with only 4,320 units sold in April of this year. Similarly, the Honda Fit, known for its spaciousness and performance, has seen its sales dwindle to a fraction of its former success. The discounts for