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This year, the largest single passenger bus export in China, Ankai Bus (hereinafter referred to as "Ankai", 000868. SZ), exported 3,000 passenger cars from Saudi Arabia and delivered the first 800 passenger cars yesterday. With the successive delivery of the large amount of USD 152 million, Ankai’s export amount will also exceed USD 100 million this year.
On May 4th this year, Ankai and Saudi Hafei Transport signed an export contract for 3,000 school buses, with a total amount of USD 152 million and a contract of RMB 1 billion, making it the largest passenger vehicle export order this year. In addition, Ankai will also export 280 passenger cars to Russia this year.
In addition, Ankai has new achievements in the UK, Australia, South Africa and the Hong Kong Special Administrative Region. Last year, the Chinese passenger cars were exported to the United States for the first time in large volumes.
Ankai, deputy general manager of passenger cars and director Wang Xianfeng told the "First Financial Daily", in the increasingly fierce domestic competition, the Chinese bus "going out" is inevitable. According to reports, at present, Ankai's overseas exports account for 8% to 10% of its total sales. In the next five years, this proportion will increase to 20% to 25%.
With the negative growth of the overall growth rate of the commercial vehicle industry, the passenger car export market in China has soared since the beginning of the year. The growth rate in the first half of the year was higher than the overall sales growth of the industry and passenger car sectors.
According to statistics from China Bus Statistical Information Network, from January to June this year, 29 of the 50 bus companies in China involved in exports, and a total of 12,400 passenger cars were exported, a year-on-year increase of 32.70%, nearly 10 times the average increase of 3.35% in the automotive industry. . During the same period, the total sales of the bus industry (including non-integrated vehicles) was 231,200, a year-on-year growth of 9.73%. From the perspective of export value, the export sales of passenger cars in the first half of the year were 3.86 billion yuan, a year-on-year increase of 50.59%.
Liu Feng, an analyst at Southwest Securities, believes that the passenger car export market continued to strengthen in the first half of the year, thanks to the gradual increase in demand for passenger cars in traditional export destinations such as South America and the Middle East, and the orders that were cut and postponed during the financial crisis during the previous two years were restored. In addition, with the effective development of new markets, in the first half of the year China added new passenger car export countries such as Australia and Macedonia, while export markets of emerging countries such as Brazil, India and Russia continued to maintain growth.
In response, Zhang Weidong, brand manager of Suzhou Jinlong Overseas Sales Co., Ltd. also stated: “The demand in overseas markets is still large and the market is not yet full. The high cost-effectiveness of passenger cars in China, short lead times and wide product lines can satisfy the individual regional market's personality. Need."
Regarding the trend of the passenger car market in the second half of the year, Liu Feng said that in addition to the rising cost of passenger cars, the bus companies will also be protected by non-tariff barriers, as well as developed countries and regions in Europe and America to increase vehicle emissions. Limits, vehicle safety requirements and other factors will increase the difficulty of export.
However, bus companies generally expressed that they are still optimistic about the export market in the second half of the year.
"While being affected by the European debt crisis, the downgrade of the US credit rating, the political turmoil in some countries, and the appreciation of the renminbi, we are still cautiously optimistic about the passenger car exports in the second half of the year," Zhang Weidong said.
Wang Xianfeng also believes that the export of China's passenger car market will continue to strengthen in the future, and the growth rate will reach 30% to 50% in the next few years.
On May 4th this year, Ankai and Saudi Hafei Transport signed an export contract for 3,000 school buses, with a total amount of USD 152 million and a contract of RMB 1 billion, making it the largest passenger vehicle export order this year. In addition, Ankai will also export 280 passenger cars to Russia this year.
In addition, Ankai has new achievements in the UK, Australia, South Africa and the Hong Kong Special Administrative Region. Last year, the Chinese passenger cars were exported to the United States for the first time in large volumes.
Ankai, deputy general manager of passenger cars and director Wang Xianfeng told the "First Financial Daily", in the increasingly fierce domestic competition, the Chinese bus "going out" is inevitable. According to reports, at present, Ankai's overseas exports account for 8% to 10% of its total sales. In the next five years, this proportion will increase to 20% to 25%.
With the negative growth of the overall growth rate of the commercial vehicle industry, the passenger car export market in China has soared since the beginning of the year. The growth rate in the first half of the year was higher than the overall sales growth of the industry and passenger car sectors.
According to statistics from China Bus Statistical Information Network, from January to June this year, 29 of the 50 bus companies in China involved in exports, and a total of 12,400 passenger cars were exported, a year-on-year increase of 32.70%, nearly 10 times the average increase of 3.35% in the automotive industry. . During the same period, the total sales of the bus industry (including non-integrated vehicles) was 231,200, a year-on-year growth of 9.73%. From the perspective of export value, the export sales of passenger cars in the first half of the year were 3.86 billion yuan, a year-on-year increase of 50.59%.
Liu Feng, an analyst at Southwest Securities, believes that the passenger car export market continued to strengthen in the first half of the year, thanks to the gradual increase in demand for passenger cars in traditional export destinations such as South America and the Middle East, and the orders that were cut and postponed during the financial crisis during the previous two years were restored. In addition, with the effective development of new markets, in the first half of the year China added new passenger car export countries such as Australia and Macedonia, while export markets of emerging countries such as Brazil, India and Russia continued to maintain growth.
In response, Zhang Weidong, brand manager of Suzhou Jinlong Overseas Sales Co., Ltd. also stated: “The demand in overseas markets is still large and the market is not yet full. The high cost-effectiveness of passenger cars in China, short lead times and wide product lines can satisfy the individual regional market's personality. Need."
Regarding the trend of the passenger car market in the second half of the year, Liu Feng said that in addition to the rising cost of passenger cars, the bus companies will also be protected by non-tariff barriers, as well as developed countries and regions in Europe and America to increase vehicle emissions. Limits, vehicle safety requirements and other factors will increase the difficulty of export.
However, bus companies generally expressed that they are still optimistic about the export market in the second half of the year.
"While being affected by the European debt crisis, the downgrade of the US credit rating, the political turmoil in some countries, and the appreciation of the renminbi, we are still cautiously optimistic about the passenger car exports in the second half of the year," Zhang Weidong said.
Wang Xianfeng also believes that the export of China's passenger car market will continue to strengthen in the future, and the growth rate will reach 30% to 50% in the next few years.
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