Hot information on the used car industry| The total export volume is expected to exceed 10 million

1. Industry macro: Regulators take action to rectify internal issues, and car companies discuss the way out for the value war

With the overall automotive industry facing pressure from a triple decline in sales, revenue, and profits, this week the industry's focus turned to reshaping the competitive order and exploring long-term value.

Supervision vigorously rectifies irrational competition:On June 11, the Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly interviewed car companies, pointing to irrational price wars, requiring strengthening price compliance construction and maintaining market order with high quality and good prices. This move was interpreted as the regulatory authorities drawing a red line for the industry and guiding competition from fighting for low prices to fighting for technology.

The industry forum issued a soul torture:At the 2026 China Automobile Chongqing Forum, industry expert Wang Xia raised questions about the three major industries of value warfare, globalization, and AI.

Many car company executives predict that smart electric vehicles have entered a period of rapid convergence, and that the extremely challenging and extraordinary period will last for at least five years, and the industry will enter an era of meager profit.

Going to sea has become a key engine, but it faces new challenges: exports have become an important engine for China's automobile growth (passenger car exports in May were 784,000 units, a year-on-year increase of 75.1%), but companies need to face new global challenges such as data localization and compliance operations. The era of solely relying on ro-ro ships to pull goods out of the sea is over.

AI and chips become the focus of attention:In the forum, AI was defined as the next step in a technological revolution that will rewrite the underlying logic of the automotive industry. At the same time, the nearly five-fold surge in memory chip prices has caused industry anxiety. Experts have called on car companies to abandon the fantasy of full-stack self-research and strengthen industrial chain cooperation.

2. Overseas markets and global layout: accelerating from products going abroad to industries going abroad

1. Export data is strong, and new energy continues to lead the way

The total export volume is expected to exceed 10 million: Against the background of increasing global penetration of new energy vehicles, China's vehicle exports have grown by leaps and bounds for many consecutive years. The industry generally predicts that the export volume for the whole year of 2026 is expected to exceed 8 million units and hit the 10 million mark in 2030.

China dominates the global electric vehicle market: According to Bloomberg New Energy Finance (BNEF)'s 2026 outlook, global electric vehicle sales are expected to exceed 23 million in 2026; by 2030, China will still account for more than half of global electric vehicle sales. China is not only the largest market, but also the global electric vehicle production base-accounting for 75% of the world's output, and China's output of batteries and battery materials accounts for more than 80% of the world's output.

Headwinds in the U.S. market have dragged down global expectations: Affected by policies such as the elimination of electric vehicle tax credits and relaxation of fuel economy standards in the United States, BNEF has lowered its global electric vehicle demand forecast for the second consecutive year. It is expected that the proportion of U.S. electric vehicle sales will fall to 17 in 2030. %, much lower than previously expected, resulting in a reduction of global electric passenger vehicle sales forecast of approximately 3.4 million units in 2030 compared with last year.

2. Geographically: Europe deepens, emerging markets rise, and the Middle East becomes a new battlefield

Europe: From selling cars to building ecosystems: China car companies are deeply integrating into Europe. Chery has entered 24 European countries. In the first four months, sales in Europe were 107,000 units, a year-on-year increase of 230%, of which new energy surged by 570%. But challenges have ensued-EU compliance requirements such as carbon tariffs and data localization have become increasingly stringent.

Emerging markets: Southeast Asia is growing at an alarming rate: BNEF data shows that in 2025, the penetration rate of electric vehicles in Singapore will reach 49%, Vietnam will 39%, and Thailand will 27%, of which 88% of electric vehicles in Thailand come from China brands. VinFast, a local Vietnam brand, also contributed 98% of domestic electric vehicle sales, indicating that emerging markets have diverse paths.

3. Policies and compliance: The export of used cars is supported by local governments, and new cars are strictly controlled as used cars

Guangdong introduced a new policy to support used car exports: On June 9, 11 departments including the Guangdong Province issued a document to cultivate and expand used car exporters, promote large automobile trading companies and production companies to carry out export business, and support the construction of a one-stop service trading market.

Strictly control the export of new cars in the name of second-hand cars: In the same document, Guangdong clearly requires that for vehicles registered for less than 180 days to apply for export, the "After-Sales Maintenance Service Confirmation Form" issued by the production enterprise must be provided, otherwise no certificate will be issued, and the use of second-hand vehicles will be strictly prohibited to evade new car export supervision.

Source: Shuai Car

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