At the 2024 Beijing Auto Show, which just ended, the self owned brand booth has become the "traffic C". Behind the high popularity, the sales volume of self owned brands kept breaking new records. The China Automobile Association said that "half of the country can no longer hold the strength of Chinese brands". "Independent Five Tigers" is undoubtedly the key force to promote the continuous improvement of the overall market share of Chinese brands. Among them, BYD is about to break through one million vehicles, and Chery has maintained a rapid growth trend.

Dongfeng autonomy, which is regarded as a "dark horse", has continued its high-speed growth momentum since the beginning of the year. In contrast, the downward trend of SAIC passenger cars and GAC's autonomy has not been reversed. Among them, the new energy sector of GAC, Ai'an, has seen year-on-year sales decline for three consecutive months.

At the 2024 Beijing Auto Show, which just ended, the self owned brand booth has become the "traffic C".

The leaders of various auto enterprises personally stepped down to interact, promoting the popularity of the booth "to explode"; The cool new products and technologies on display attracted foreign friends and media.

Behind the high popularity, the sales of independent brands are also constantly breaking records. According to the latest data released by the China Automobile Association, in April, the sales volume of Chinese brand passenger cars was 1.272 million, up 27.3% year on year, accounting for 63.5% of the total passenger car sales, 8.4 percentage points higher than the same period last year; From January to April, the cumulative sales volume was 4.664 million, up 26.7% year on year, and the market share was 60.7%. The CAAC said that "half of the country can no longer hold the strength of Chinese brands".

BYD, Chang'an, Chery, Geely and Great Wall, as the leading enterprises of independent brands and known as the "independent five tigers", are undoubtedly the key forces to promote the continuous improvement of the overall market share of independent brands.

The data shows that in April, the sales of BYD, Chang'an Autonomous, Chery Autonomous, Geely and Great Wall were 313245, 172623, 170733, 153267 and 94796 respectively, up 48.96%, 12.48%, 43.04%, 39% and 1.8% year on year respectively; The cumulative sales in the first four months were 939508, 761453, 672410, 628987 and 370129, up 23.24%, 13.32%, 57.95%, 47% and 18.18% year on year respectively.

BYD is about to exceed one million vehicles, and Chery is "accelerating"

In terms of target progress, in the first four months of this year, BYD, Chang'an, Geely and Great Wall have respectively completed 25.92%, 34.55%, 33.1% and 19.48% of the target tasks.

In terms of monthly sales ranking, the "independent five tigers" maintain their previous ranking; In terms of cumulative sales, BYD is about to break through the one million mark, and has opened a big gap with its competitors.

From the perspective of sales growth, although all the "five independent tigers" achieved positive growth, the growth rate has been greatly differentiated. Among them, Chery has maintained a rapid growth trend.

Dongfeng's autonomy, which is regarded as a "dark horse" by reporters of China Economic Network, also continues the momentum of rapid growth. According to the data released by Dongfeng Group, from January to April, Dongfeng sold 849000 vehicles, up 24.7% year on year; The sales volume of self owned brand vehicles was 446000, up 46.6% year on year; The sales volume of new energy vehicles was 235000, up 132% year on year; The sales volume of exported finished vehicles was 71000, up 8.2% year on year.

In contrast, the decline in sales of SAIC passenger cars and GAC's own vehicles has not been reversed. Data shows that the sales of SAIC passenger cars and GAC Autonomy in April were 63315 and 59083 respectively, down 7.24% and 15.89% year on year respectively; The cumulative sales of the first four months were 225845 and 193434, respectively, down 14.68% and 16.68% year on year.

Geely Krypton Landing on NYSE, "Three Consecutive Landing" in Ai'an

In the field of new energy, BYD is a strong leader. Chang'an, Geely, Chery and Great Wall speed up their pursuit through various power forms of their sub brands.

Data shows that in April, the sales of new energy vehicles of Chang'an, Geely, Chery and Great Wall were 51682, 51428, 22436 and 22436 respectively, with year-on-year growth of 129.74%, 74.97%, 165.2% and 50.94% respectively; The cumulative sales in the first four months were 180488, 195553, 93128 and 81618, with year-on-year growth of 68.63%, 120.44%, 137.3% and 91.27% respectively.

It is worth mentioning that Krypton's IPO ushered in the latest progress. On the evening of May 10, Krypton Smart Technology Holdings Co., Ltd. was officially listed on the New York Stock Exchange with the stock code of "ZK". Due to the oversubscription, Krypton expanded its IPO scale and issued 21 million American Depositary Shares (ADS, each ADS corresponds to 10 ordinary shares) at a price of $21 per share, raising about $441 million. After the opening, Krypton's share price rose all the way up to $29.36 and closed at $28.26.

As a luxury smart pure electric brand under Geely Holding Group, Geekrypton has set a new record for the fastest listing of new energy vehicles in the history. It is only 37 months from the launch of the brand on April 15, 2021 to the successful IPO. In 2023, the operating revenue of Krypton will reach 51.7 billion yuan, and the gross profit margin of the whole vehicle will reach 15%. By the end of April 2024, more than 240000 vehicles have been delivered accumulatively. From January to April this year, polar krypton has more than doubled, with a year-on-year growth of 111%.

In sharp contrast to the strong growth momentum of self owned brand new energy vehicles, the sales volume of GAC Ai'an has declined for three consecutive months. The data shows that in April, the sales volume of Ai'an was 21350, down 47.94% year on year; In the first four months, 70217 vehicles were sold, down 41.16% year on year.

BYD exports 40000 cars first, Chery continues to be the first?

In terms of overseas business, BYD, Geely, Great Wall and Chang'an, known as the "four independent strong companies", are currently advancing side by side, and BYD is the first to break the 40000 vehicle barrier.

The data shows that in April, the overseas sales of BYD, Geely, Great Wall and Chang'an were 41001, 38151, 36141 and 31649 respectively, up 176.53%, 75%, 65.68% and 92.65% year on year respectively; The cumulative sales of the first four months were 138900, 125191, 128919 and 140600, respectively, with year-on-year growth of 159.38%, 69%, 74.71% and 82.78%.

As the pioneers of automobile "going to sea", Chery and SAIC both claim to be "leading". According to Chery's official news, "China's exports continue to rank first. From January to April, 342795 cars were exported, up 34.2% year on year."

SAIC Group said, "In April, SAIC's overseas market sales reached 92000 units, up 2.7% year on year, and SAIC MG continues to lead the way among Chinese auto companies. SAIC MG continues to perform well in the European market, with sales exceeding 60000 units from January to April."

Thanks to the self owned brands' collective acceleration of "going to sea", "at present, China's automobile market export growth is faster than domestic sales," the CAAC said, "From January to April, automobile exports totaled 1.827 million units, with a year-on-year growth of 33.4%; by model, 1.539 million passenger vehicles were exported, with a year-on-year growth of 34.8%; and 288000 commercial vehicles were exported, with a year-on-year growth of 26.5%." (Wang Yueyue, reporter of China Economic Network)