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China fact of the day: https://marginalrevolution.com/marginalrevolution/2023/09/china-fact-of-the-day-72.html https://marginalrevolution.com/marginalrevolution
by _xnmw 3y ago
China fact of the day: https://marginalrevolution.com/marginalrevolution/2023/09/china-fact-of-the-day-72.html https://marginalrevolution.com/marginalrevolution/2023/09/ch...
Notice how this hockey stick growth started shortly after February 2022, i.e. is a direct result of Western sanctions on Russia: https://x.com/brad_setser/status/1670842577862508556?s=46 https://x.com/brad_setser/status/1670842577862508556?s=46
edit: Chinese customs data shows during the first 11 months of 2023, China's vehicle shipments to Russia soared 545% from a year ago, to 840,000 units, making it China's fastest-growing market. New energy vehicles (NEVs), such as hybrids and electric vehicles (EVs), were also fueling the record production and exports”.
https://www.voanews.com/a/russian-market-evs-give-china-fuel-to-pass-japan-as-top-car-exporter-/7438398.html https://www.voanews.com/a/russian-market-evs-give-china-fuel...
- trvz 3y agoSecond China fact of the day: nobody wants to sit in a Chinese car, not even the Chinese themselves.
- medo-bear 3y agoFor plenty of Europeans it is just fine https://www.goodcarbadcar.net/dacia-europe-sales-figures/ https://www.goodcarbadcar.net/dacia-europe-sales-figures/ EDIT: Wrong address above. See https://www.acea.auto/fact/fact-sheet-eu-china-vehicle-trade/ https://www.acea.auto/fact/fact-sheet-eu-china-vehicle-trade...
- badpun 3y agoHow's that relevant? Or are you thinking Dacia is Chinese?
- almatabata 3y agoDacia produces the EVs in China: https://europe.autonews.com/automakers/renaults-made-china-dacia-ev-angers-french-unions https://europe.autonews.com/automakers/renaults-made-china-d... The brand itself as you say is not Chinese.
- medo-bear 3y agoCorrect. Here is a list of Chinese made cars in the EU market this year BMW 5-Series BMW XM BYD Atto 3 BYD Dolphin BYD Han BYD Seal Fiat 600e Ford Bronco Honda CR-V Honda e:NY1 Honda ZR-V Hyundai Ioniq 6 Hyundai Kona Jeep Grand Cherokee Kia EV9 Lexus RZ Lucid Air Mercedes-Benz E-Class Mercedes-EQ EQE SUV Nio ET7 Peugeot E-3008/3008 Renault Espace Renault Scenic Smart #1 Toyota C-HR Toyota Prius Volkswagen ID.7 Volvo EX30
- fomine3 3y agoAvoiding Made in China is no longer popular idea, as we can see iPhone/Mac is a top brand. Avoiding Chinese brand is still a thing.
- medo-bear 3y agoSometimes avoidance is enforced, like what happened with Huawei. Also 'Made by China in <country>' is becoming a thing: https://en.wikipedia.org/wiki/China_Road_and_Bridge_Corporation https://en.wikipedia.org/wiki/China_Road_and_Bridge_Corporat...
- medo-bear 3y agoOops I pasted the address from the wrong window https://www.acea.auto/fact/fact-sheet-eu-china-vehicle-trade/ https://www.acea.auto/fact/fact-sheet-eu-china-vehicle-trade...
- j-a-a-p 3y agoThat is an expired fact. Chinese are buying their own brands now, hence the tremendous growth.
- deleted 3y ago[deleted]
- misja111 3y agoYou have your facts wrong. BYD was the top seller in China in 2023: https://carnewschina.com/2024/01/10/top-selling-car-brands-in-december-2023-in-china-byd-first-vw-second-toyota-third/ https://carnewschina.com/2024/01/10/top-selling-car-brands-i...
- akie 3y agoSorry but how would an increase in their car exports be related by the West sanctioning Russia? That makes zero sense.
- badpun 3y agoIt's simple - after sanctions, the Chinese got a much bigger pie of the Russian car market.
- input_sh 3y agoNot EV-specific, but: > Chinese customs data shows during the first 11 months of 2023, China's vehicle shipments to Russia soared 545% from a year ago, to 840,000 units, making it China's fastest-growing market. https://www.voanews.com/a/russian-market-evs-give-china-fuel-to-pass-japan-as-top-car-exporter-/7438398.html https://www.voanews.com/a/russian-market-evs-give-china-fuel...
- Erratic6576 3y agoI guess the idea is that If Russians cannot buy western cars, they’ll buy the new Ladas
- Ballas 3y agoI think the reason is not western sanctions, but rather decreased local demand in China. Patrick Boyle does a very good job at explaining it: https://youtu.be/rZgaj0jScOI https://youtu.be/rZgaj0jScOI
- maxglute 3y agoRU is ~5% of PRC car exports. IIRC West pulling out of RU removed 500k imports from market over multiple years. PRC exported 2M more cars in 23 than 22. PRC Ro-Ro construction rampup preceded RU/UKR war by 5 years, and set to increase in next 5 years. RU too small of a market for this much auto sealift. https://imgur.com/a/Ndhju6A https://imgur.com/a/Ndhju6A
- _xnmw 3y ago500k? “ Chinese customs data shows during the first 11 months of 2023, China's vehicle shipments to Russia soared 545% from a year ago, to 840,000 units, making it China's fastest-growing market. New energy vehicles (NEVs), such as hybrids and electric vehicles (EVs), were also fueling the record production and exports”. https://www.voanews.com/a/russian-market-evs-give-china-fuel-to-pass-japan-as-top-car-exporter-/7438398.html https://www.voanews.com/a/russian-market-evs-give-china-fuel...
- maxglute 3y agoWe're talking about NEVs/EVs, where hockey stick growth in that segment last few years isn't explained by just RU market. 840k includes traditional gas power autos, though no one has tracked down said "customs data" since the original claim (Bloomberg allegedly pulling quote from secretary general of China Passenger Car Association). Yes, PRC car exports surged in RU, but it's only part of growth, and part of planned growth. PRC auto ordering ~150-200 Ro-Ros because they expect more global exports, more than RU can absorb. 500k from from report of RU bank a week ago. Although that might have been sales. I'll try to dig it up.
- jart 3y ago> Notice how this hockey stick growth started shortly after February 2022, i.e. is a direct result of Western sanctions on Russia: https://x.com/brad_setser/status/1670842577862508556?s=46 https://x.com/brad_setser/status/1670842577862508556?s=46 What? It starts after Q2 2020 in the chart you linked.