The Philippines is now one of the biggest markets for Chinese made vehicles in the world. This is according to the latest report coming from the China Association of Automobile Manufacturers.
The Group which counts BYD, Changan, Chery, Geely, and Great Wall as members reports that vehicle exports last January are up 88 percent from a year earlier to 231,000 units. Passenger vehicle exports surged 95 percent to around 185,000, while commercial vehicles advanced 65 percent to roughly 46,000.
Among the exported passenger and commercial vehicles, some 56,000 were electrified vehicles including full electric vehicles and plug-in hybrids, soaring 540 percent from a year earlier.
The trade group didn’t provide a further breakdown on the exports.
In 2021, China’s vehicle exports nearly doubled from a year earlier to top 2 million.
Last year, some 1.61 million passenger vehicles and 402,000 commercial vehicles were shipped overseas, jumping 110 percent and 71 percent from 2020, respectively.
Exports of electrified vehicles approached 310,000, tripling the tally a year earlier.
In 2021, the ten largest markets for China’s vehicle exports:
- Chile
- Saudi Arabia
- Russia
- Belgium
- Australia
- Mexico
- Egypt
- Bangladesh
- United Kingdom
- Philippines
- Belgium
- Bangladesh
- United Kingdom
- India
- Thailand
- Germany
- France
- Slovakia
- Australia
- Philippines
Seeing the Philippines as one of China’s biggest export markets should not come as a surprise. Last year, MG Philippines recorded its best year ever, selling 6,343 units or an 85 percent increase. Same goes for Geely which saw sales grow 162 percent in 2021 to 6,272 units sold.
Even non-Chinese brands such as Kia saw robust sales last year with their top two selling models, the Stonic and Soluto sourced from China. Together they accounted for 58 percent of the Korean automaker’s sales or 2,173 units. Meanwhile, American carmaker Ford sold 6,881 Territory and 1,500 EcoSport SUVs both of which are also sourced from China.
If the Stocks of the EcoSport will run out, then they will Discontinue the EcoSport completely since it was discontinued in Major Markets, including China and India.
ReplyDeleteWill Ford focus on the Territory?
ReplyDeleteIn the Carpenter's Production youtube channel, the priest vlogger who owns a Coolray w 50,000km mileage reported that his vehicle has no major problem whatsoever.
ReplyDeleteAnd sales of Chinese cars in Ph. will continue to grow.. With the release of Geely Emgrand, the new MG ZS, the success of the Ford territory and the Haval brand planning to enter the Ph market..It will only get bigger with trust of pinoys towards chinese cars slowly growing.. Not to mention if Philippines trasistions to electrification, where China is the biggest market and manufacturer of EVs.
ReplyDeleteOne thing I admire most about buyers of Chinese cars is that they are brave souls.
ReplyDeleteI also admire buyers of china made iphones, laptops and gadgets.
DeleteThey also have brave souls..
Not comparable. Those items are low risk because their value does not even reach hundreds of thousands to millions.
DeleteYou are missing the point. Theyre all made in china. From phones to laptops to cars. Even toyotas, mitsubishis, hondas have chinese counterpart manufacturers, saic, chery, etc..
DeleteNatameme si Asimo. Good job blahblah.
DeleteWrong. Those are designed in other countries but just manufactured in China. It is a different creature altogether from products designed by the chinese and manufactured in china.
DeleteChina is also big now in shipping business and you can trust the avg cost of ship is much bigger than car.
DeleteMain Market weapon for Chinese cars surged in Sales volume are the Cheap price, Premium Quality control and Turbocharged Engine that outgun it's Japanese and Korean counterpart. Soon they will overtake the market competitions.
ReplyDelete