Cui Dongshu, co-chairman of the China Passenger Car Market Information Joint Conference, stated in a post that in July 2024, the preliminary statistics for the sales volume of mainland Chinese independent car companies in some overseas regions reached 0.225 million vehicles, with a year-on-year increase of 53% and a monthly increase of 2%.
In the first seven months of 2024, the sales volume of domestic and overseas markets for independent brands reached 1.39 million vehicles, with a year-on-year increase of 55%. The retail performance of the domestic independent brand in the overseas market is very good.
Cui Dongshu stated that the important reasons for the export growth are the enormous cost advantage of independent brand gasoline vehicles and the relatively strong export of electric vehicles, combined with the significant increase in quantity and average price of mainland Chinese automobile exports, thanks to the contribution from Russia.