company news about China overtook Germany as the second largest automobile exporter

The penetration rate of new energy vehicles in China has accelerated since last year, and this year is even more remarkable. According to the data of China Automobile Industry Association, in November, the penetration rate of new energy vehicles reached 33.8%. From January to November, the penetration rate reached 25%. The target of 25% penetration rate of new energy vehicles was completed three years ahead of schedule。

In the first three quarters of 2022, China's automobile export volume has surpassed Germany and become the world's second largest exporter.

According to the data, SAIC Motor Corporation sold about 883000 vehicles in the first 11 months of this year, up 46.4% year on year. Among them, the sales volume of MG brand exceeded 100000 vehicles, realizing the annual target of "the first 100000 vehicle level overseas regional market" in advance.

In the first 11 months, Geely's cumulative export volume was 178704 vehicles, up 83% year on year. In particular, Geely's new energy products accelerated their export to the sea and entered the European market through strategic cooperation with Grand Automotive Group. Geometric C accounted for 24.3% of the Israeli electric vehicle market.