Page 2 - Market Analysis
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April 02, 2025
China's Used Car Export Market Analysis: Africa Focus China's Used Car Export Market Analysis: Africa Focus
1. Overview of China's Used Car Export Market
The Chinese used car export market has experienced significant growth since its official launch in May 2019. By March 2024, the market was fully liberalized, with initial export operations starting in key regions including Beijing, Tianjin, Shanghai, Zhejiang (Taizhou), Shandong (Jining), and Guangdong.
From April 2019 to 2023, China exported a total of 367,000 used vehicles worth $8.74 billion. In 2023 alone, exports reached 274,500 units valued at $6.88 billion (approximately ¥43.9 million RMB at current exchange rates).
The market shows balanced exports between new energy vehicles (NEVs) and traditional fuel vehicles, with 138,000 NEVs and 136,000 fuel vehicles shipped. Notably, NEVs accounted for 60.6% of total export value due to their higher average prices.
Chinese used cars now reach over 160 countries and regions, with Belt and
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April 02, 2025
Ghana's Used Car Market Overview and Policy Analysis
Ghana Automotive Market Landscape
Ghana, located in West Africa with abundant natural resources, has a vehicle market dominated by used car transactions. The country imports approximately 100,000 vehicles annually, with a staggering 90% being used cars, primarily sourced from the United States, Japan, and Germany. The United States stands as Ghana's largest supplier of pre-owned vehicles.
In-Depth Analysis of Ghana's Used Car Market
Market Characteristics and Development Trends
- The Ghanaian automotive sector consists mainly of imported used car retailers and some new car dealerships.
- Through its 2019 Automotive Development Policy, the Ghanaian government encourages local production of affordable new vehicles to reduce reliance on used imports. Major manufacturers like Volkswagen, Nissan, Toyota, Suzuki, and Peugeot have already signed vehicle assembly agreements. Chinese automakers including Chery and Great Wall, along with Britain's
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April 02, 2025
Zhongtong Bus Expands Global Footprint with Record Chile Order and Strong Overseas Performance
Major Export Orders
On March 26, 2025, Zhongtong Bus celebrated the shipment of the first batch of 895 pure electric buses to Chile, marking the largest single export order of Chinese buses to Chile in recent years.
This shipment represents Zhongtong's third "super order" in three years. Previous major contracts include:
- 1,000 buses to Kyrgyzstan (May 20, 2023)
- 1,022 buses to Saudi Arabia (February 21, 2024)
Global Market Presence
As one of China's earliest bus manufacturers and a pioneer in new energy vehicle R&D, Zhongtong has established strong presence across multiple markets:
- Portugal: Largest NEV bus supplier
- Egypt: Pure electric buses operating at the Pyramids
- Singapore: Double-decker electric buses for public transport
- Operations across Central Asia, Middle East, Africa, Americas, and Europe
Recent Market Performance
- Saudi Arabia became Zhongtong's first overseas market to exceed 10,000
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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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March 31, 2025
Saudi Arabia's Automotive Market in February 2025: A Mixed Bag for Chinese Brands Saudi Arabia's Automotive Market in February 2025: A Mixed Bag for Chinese Brands
Sales Overview and Brand Performance
In February 2025, the Saudi Arabian new light vehicle market saw a significant surge, with sales reaching 72,388 units, a 14% year-over-year increase. This growth continues the market's recovery trend observed since 2024. The cumulative sales for the first two months of 2025 totaled 140,311 units, representing a 10.9% increase compared to the same period last year[2][4%.
Key Drivers of Growth
The growth in sales can be attributed to several factors, including stable oil prices (projected to remain above $80 per barrel in 2025), increased government spending, and enhanced consumer confidence.
Market Dominance and Brand Performance
- Toyota: Led the market with a 26.2% market share, maintaining its strong position.
- Hyundai and Nissan: Followed closely, with Hyundai's Accent model showing a 36.9%
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March 31, 2025
China's New Energy Vehicle Market Reaches New Heights China's New Energy Vehicle Market Reaches New Heights: Key Takeaways from the 2025 China Electric Vehicle 100 Forum
The 2025 China Electric Vehicle 100 Forum, a pivotal event in the global new energy vehicle (NEV) sector, concluded on March 30, 2025. Here are the key highlights and future directions for China's NEV market, particularly relevant for overseas car buyers and investors in the Middle East and Africa.
Industrial and Information Technology Ministry: Advancing L3 Autonomous Driving
The Industrial and Information Technology Ministry announced plans to enhance support policies to solidify and expand the industry's competitive advantages. Technologically, the focus will be on accelerating the development of crucial components such as power battery materials, automotive chips, and high-efficiency hybrid power engines. In the area of autonomous driving, the ministry will promote the entry and road testing of intelligent connected
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March 30, 2025
DeepSeek AI Reshapes China Auto Market
Chinese Automakers Embrace DeepSeek AI to Revolutionize the Automotive Market Chinese Automakers Embrace DeepSeek AI to Revolutionize the Automotive Market
In recent months, the integration of DeepSeek AI technology into automotive systems has become a significant trend among Chinese automakers. This move is driven by the desire to stand out in a highly competitive market and to enhance the intelligent features of their vehicles.
DeepSeek AI: A Game-Changer in Automotive Intelligence
DeepSeek AI, developed by a Chinese startup, has garnered widespread attention for its advanced AI models, including DeepSeek R1 and DeepSeek V3. These models offer a high-efficiency, low-cost solution that is particularly appealing to Chinese automakers. Here are some key points about the integration of DeepSeek AI:
East Wind, BYD, and SAIC Lead the Charge
- East Wind Automobile: East Wind has been at the forefront, integrating the DeepSeek R1 model into its Lantu Knowsound
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March 10, 2025
Risks, Red Flags of Modification Export and How to Protect Your Business, uncover the dangers of tax evasion, document fraud, and customs seizures in the overseas car market, and learn actionable steps to avoid falling victim to these fraudulent schemes.
Recently, the overseas car import market has seen a surge in brand-new Chinese vehicles being offered at suspiciously low prices. While this might seem like a golden opportunity for buyers, it often hides a dangerous and illegal practice known as "modification export for passenger vehicles."
This article focuses on the risks of modification exports, specifically for gasoline-powered cars, which are subject to China’s 10% purchase tax. Notably, new energy vehicles (NEVs), such as electric cars, are exempt from this tax, making them less vulnerable to illegal export practices.
We’ll explore the dangers of modification exports, their impact on global buyers and legitimate exporters, and how you can protect your business from falling victim
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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