BYD Achieves Record Export Growth in Q1 2025 - Full Model Breakdown

March 2025 Export Performance Highlights

BYD continues its global expansion with remarkable 89.2% year-on-year growth in overseas sales, delivering 72,000 vehicles in March alone. This represents an 8.5% increase over February 2025 figures, demonstrating consistent monthly growth.

Top Performing Models (March 2025 Exports)

1. Song Plus

20,620 units exported in March
70,014 units Q1 total (BYD's top export model)

2. Song Pro

7,900 units exported in March
18,534 units Q1 total

3. Seal 07 EV

7,200 units exported in March
19,888 units Q1 total

4. Seagull

7,013 units exported in March
19,461 units Q1 total

5. Yuan Plus

4,320 units exported in March
17,869 units Q1 total

6. Yuan UP

4,034 units exported in March
13,013 units Q1 total

7. Seal EV

3,180 units exported in March
8,044 units Q1 total

8. Destroyer 05

3,168 units exported in March
8,709 units Q1 total

9. BYD e6

2,519 units exported in March
7,077 units Q1 total

10. Dolphin

Shacman Commercial Vehicles Achieves Stellar Q1 Performance with 43% Growth

Strong Start to 2024 with Diversified Product Success

Shacman Commercial Vehicles has delivered an impressive 6,827 units across its product portfolio in Q1 2024, marking a substantial 43% year-over-year increase. This outstanding performance sets a positive trajectory for the company's annual targets.

Electric Vehicle Division Emerges as Market Leader

The company's strategic focus on new energy vehicles has yielded extraordinary results:

• EV sales skyrocketed to 2,595 units, representing 1,053% growth compared to Q1 2023
• Captured 8.4% market share in China's commercial EV sector (Jan-Feb period)
• Ranked among top 3 manufacturers in domestic EV commercial vehicle segment

Continuous R&D investment has enabled Shacman to develop competitive green transportation solutions that meet evolving market demands for sustainable logistics.

Traditional Segments Show Consistent Growth

Light Truck Business Expansion

The light

Chinese Vehicle Exports to Europe: Key Markets, Tariffs & Import Procedures

Europe's Top Import Hubs for Chinese Vehicles

Belgium: Europe's Primary Gateway

Belgium maintains its position as the leading entry point for Chinese vehicles entering Europe. Between January and August 2024, Belgium imported over 180,000 Chinese vehicles, ranking fifth globally among China's auto export destinations. The strategic ports of Antwerp and Zeebrugge handle this massive volume, though recent EU tariff implementations have slightly moderated growth.

Netherlands: The Transit Powerhouse

The Netherlands witnessed a dramatic surge in Chinese vehicle imports, with values jumping from €0.1 billion in 2022 to €1.1 billion in 2023. Notably, about two-thirds of Chinese EVs entering the Netherlands are destined for other European markets. When excluding transit trade, China ranks as the fourth largest vehicle supplier to the Dutch market.

EU Import Trends: China's Growing Dominance

• 781,980 Chinese vehicles imported

Global Automotive Culture: A Diverse Landscape of Regional Specialties

China's Automotive Industry Rise

The Chinese automotive industry has experienced remarkable growth in recent years, producing several globally competitive brands. China has become the world's largest vehicle exporter, with passenger car exports growing from 500,000 units in 2014 to 1.7 million units in just the first three quarters of 2022.

Major Chinese Automotive Brands:

• FAW (First Automotive Works)
• Great Wall Haval
• Geely (owns LEVC, Lynk & Co, Polestar, Proton, Lotus, and Volvo)
• BYD (global leader in electric vehicles)
• Changan (including Changan Oshan, Changan Kaicheng sub-brands)
• Chery
• SAIC Motor (including Roewe, MG)
• Dongfeng (including Venucia, Forthing, Fengon)
• BAIC Group
• Hongqi (premium brand)

European Automotive Excellence

German Engineering

Germany remains the global benchmark for automotive engineering with these premium brands:

• Mercedes-Benz (including Smart)
• BMW Group (including Rolls-Royce, MINI)
• Volkswagen

U.S. 25% Auto Tariff Impact: Key Insights for Global Car Buyers and Dealers

How the New U.S. Tariffs Affect Chinese Automakers

While Chinese finished vehicle exports to the U.S. remain limited (approximately 116,000 units in 2024, primarily from American brands like GM and Ford), the real pressure falls on auto parts suppliers. China's auto component exports to the U.S. have been declining, with $8.33 billion shipped between January-November 2024, accounting for 10.6% of total U.S. auto parts imports. Chinese suppliers must now increase North American localization and U.S. sourcing to mitigate tariff impacts.

Major Challenges for Japanese, Korean and German Manufacturers

Japan (1.37 million units), Korea (1 million units) and Germany (550,000 units) face direct export reductions of 270,000, 200,000 and 160,000 vehicles respectively. These automakers now struggle to balance volume and profitability, forced to either raise prices or accelerate U.S. production - potentially leading to industrial

BYD Dolphin 2023 vs 2024: What's New in China's Best-Selling EV?

Exterior Design

2023 Model: Features a sporty, dynamic design with flowing lines that exude youthful energy. The body maintains BYD's "Ocean Aesthetics" philosophy, presenting a fresh and vibrant appearance.

2024 Upgrades: The new model shows refined details with more elegant body lines and a sophisticated presence. Key changes include:

• Body-color integrated front bumper (removes black "whisker" accents)
• Redesigned rear license plate area and light clusters
• New low-drag alloy wheels
• "Dolphin" badging on rear
• Improved aerodynamics

Interior & Comfort

2023 Model: Minimalist yet premium cabin with high-quality materials offering comfortable surroundings.

2024 Upgrades: Significant ergonomic improvements and tech enhancements:

• New Dark Night black interior theme
• Added front seat heating/ventilation
• 50W wireless phone charging
• Built-in ETC system
• Easy-Going interactive system for intuitive controls
• Expanded storage solutions

Performance

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

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

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

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