Last night, the Financial Times reported: "The CEO of the world's largest ro-ro shipping operator, Warren Wilson, stated that Chinese automobile manufacturers have transitioned from cost leaders to technology leaders, accelerating their global market share. In 2023, China's automobile exports reached 6.4 million units, an increase of 23% year-on-year, far exceeding Japan and ranking first globally. Chinese automakers not only performed well in emerging markets such as Latin America and Africa, but also rapidly expanded in Western Europe, with new car sales accounting for 5.7% in the first nine months of this year, and electric vehicle market share exceeding 10%. Faced with the capacity gap caused by the surge in exports, companies such as BYD and SAIC have begun to build their own shipping fleets. Despite some Western countries imposing restrictions, Chinese automakers, with their technological advantages and cost-effectiveness, continue to maintain their expansion momentum. It is expected that by 2030, China's global market share will rise to 30%."

[Clever] Chinese auto companies' technological breakthrough, reshaping the global automotive industry! The transition from cost leadership to technological leadership is no accident, but a disruptive restructuring of the global automotive industry landscape. Export volume reaching 6.4 million units and over 10% electric vehicle market share in Western Europe prove the crushing superiority of core technologies over traditional advantages. Some Western countries' tariff barriers and market restrictions may seem like blockades, but they actually reveal their anxiety about technological iteration. When BYD and SAIC build their own shipping fleets to solve the capacity bottleneck, Chinese automakers have already moved beyond product competition, building a comprehensive industrial chain advantage. The deeper significance of this breakthrough is that developing countries' manufacturing has achieved a leapfrog in high-end industries for the first time. A 30% market share by 2030 is not just a numerical jump, but a shift in global industrial influence, signaling the collapse of the old order in the automotive industry and the end of the Western-dominated strongholds!

Original article: www.toutiao.com/article/1848338916475335/

Statement: This article represents the views of the author.