Xpeng had overseas sales of 1,783 units, Nio 388 units and Leapmotor 271 units in the first quarter.
China’s local auto brands saw decent overseas sales growth in the first quarter, as the number of cars exported from the world’s largest car market remained strong.
In the first quarter, local auto brands sold 470,000 units overseas, up 40 percent from a year earlier, Cui Dongshu, secretary-general of the China Passenger Car Association, said in a May 4 article.
Including foreign brands, 1.32 million vehicles were exported from China in the first quarter, up 23 percent from a year earlier.
That means local brands contributed 35.6 percent of China’s auto exports in the first quarter.
SAIC, Chery, Great Wall Motor and BYD (HKG: 1211, OTCMKTS: BYDDY) were the top exporting Chinese automakers.
SAIC sold 126,053 units overseas in the first quarter, contributing 26.8 percent of the local brand’s car exports, according to data shared by Cui.
Chery contributed 25 percent at 117,719, Great Wall Motor contributed 16.6 percent at 77,935, and BYD contributed 11 percent at 51,138, according to Cui.
Among the new car makers, Neta Auto sold 2,985 units overseas in the first quarter, Xpeng (NYSE: XPEV) 1,783 units, Nio (NYSE: NIO) 388 units and Leapmotor 271 units.
In terms of overseas new energy vehicle (NEV) sales, BYD, SAIC, Geely, and Great Wall Motor were the major contributors, selling 47,238, 31,018, and 13,384 units overseas in the first quarter, respectively.
The value of Chinese NEVs exported in the first quarter was $11.1 billion, up 18 percent year-on-year, according to Cui.
As a comparison, China’s exports of all vehicles in the first quarter amounted to $25.2 billion, up 18 percent year-on-year.
Europe and Asia were the main export destinations for China’s homegrown carmakers, contributing 216,000 and 121,000 units, respectively, in the first quarter.
Local Chinese brands sold 56,000 units in South America and 32,000 units in North America in the first quarter.
