The person in charge of the Korean car company: "Made in China" Occupy the era of half of the Korean electric bus market will come

Author:Global Times Time:2022.07.12

[Global Times special reporter Zhang Jing in South Korea] Chinese electric bus has established a foothold in South Korea. According to South Korea's "East Asia Daily" reported on the 6th, the electric bus made by China has "occupied" the South Korean road. From January to May this year, the Korean market share is as high as 44%. From January to May this year, a total of 757 electric bus sold in South Korea, of which 331 were made in China. Of the 1276 electric buses registered in 2021, 424 were made in China. "The era of" Made in China 'occupying half of the Korean electric buses market is coming ", and a person in charge of a Korean automakers analyzed.

The biggest advantage of Chinese electric buses is cost -effective. The electric bus "Electricity" of Hyundai Motors is priced at about 380 million won (about 2 million yuan) per car, while the price of Chinese electric bus is at least 1/4 cheaper. If the South Korean government's new energy vehicle subsidies are counted, it only costs less than 100 million won in a Chinese -made electric bus, and the comfort and safety of Chinese electric bus will be further improved. Therefore, its future market share is expected to continue to increase.

Kia's first exclusive electric model EV6 appeared at the source visual China in the Seoul Media Preview in South Korea

At present, large domestic bus transportation companies in South Korea are introducing Chinese electric buses through direct import methods. In the future, China's electric buses will be further enhanced in the Korean market. KD Transportation Group, the number one in South Korea, founded a subsidiary named EM KOREA earlier this year, and imported a large -scale electric bus produced by China Hengtian Group through the company. It imported 40 units in April this year alone. KD Transportation Group has 18 bus transportation companies in South Korea, with as many as 5,500 cars in various types of bus. Advanced Group of the Second Pakistan Pass Transport Company in South Korea also plans to introduce China Electric Bus.

Chinese electric vehicles are also using more channels to accelerate landing in South Korea. According to the Korean "Korean Daily" report on the 10th, the "Hongguang MINI EV" that surpassed Tesla in the Chinese electric vehicle market surpassed Tesla in the Chinese electric vehicle market entered the Korean market in an overseas direct purchase.

Once upon a time, South Korean cars expanded rapidly in the Chinese automobile market with their cost -effective performance. According to public data from the China Automobile Association, from 2019 to 2021, the proportion of Korean brands in the Chinese automobile market decreased from 4.7%to 2.4%. As of January 2022, Korean cars have a market share in China less than 2%.

In terms of power batteries of electric vehicles, "Made in China" compete with Korean battery rivals with "local operations" with the advantages of the industrial chain. According to a report from South Korea's "Asian Economy", the South Korean automobile industry reported that the news of the new electric cross -border SUV model "NIRO EV" sold by South Korea ’s Kia Motor has adopted the battery in the Ningde era in the new electric cross -border SUV model“ Niro EV ”. Chinese batteries are used in local market models. The "NIRO EV" models currently sold all use batteries from SK.

The Korean battery industry is worried that starting with this, Chinese batteries may officially enter South Korea. In the European and North American markets, China -Korea power batteries have launched fierce competition. At present, Chinese enterprises represented by BYD and Ningde Times have formed a market advantage on Korean companies.

能源市场调查企业SNE Research称,2022年1至4月宁德时代在全球电动车电池市场上的占有率为33.7%,位居榜首,高于排在第2位的LG新能源(14.9%)、 The 5th position of SK ON (7.0%) and the 7th position of Samsung SDI (4.0%) have a total share. Relevant sources in the Korean battery industry said that China's batteries have almost lost the North American market after the war in the United States. The market share of Korean domestic battery companies has expanded. If the Chinese battery industry enters the Korean market, the gap between the global market share of the Korean and Chinese battery industries may further enlarge.

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