Dec. 14, 2024
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Which of the “Top Five Independent Automakers” is the best at overseas expansion? Chery and Great Wall are leading, while BYD and Geely have more potential

Most Chinese companies have a consensus that if they don't go overseas, they will be out of the game. For Chinese brand car companies that aspire to become world-class, going overseas is an indispensable part.
The automobile itself is a global industry, and China has become the world's largest automobile exporter. This year's total export volume will reach 6 million vehicles, but it is facing more and more tariff barriers.

Among many Chinese auto brands, BYD, Chery, Geely, Changan, and Great Wall are considered the "Top Five Independent Brands". They occupy about half of the domestic auto market and are pioneers in opening up the international market. So the question is, which of these "Top Five Independent Brands" has the best overseas capabilities? 1. International giants account for more than 80% of overseas sales, and Chinese auto companies have a huge gap

▲ BYD, Chery, Geely, Changan, and Great Wall are the top five Chinese auto brands, and they all achieved year-on-year growth in the first 11 months of this year.
Compared with global auto giants, Chinese auto brands have a big gap in both total sales and overseas (outside the country) sales. To become a truly global giant, the proportion of overseas business must exceed half, otherwise it is just a regional brand.
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