Published on June 12th, 2023 | by Sounder Rajen0
Chinese Car Brands Growing Fast, Will They Dominate Local Sales Soon?
Chinese brands like BYD and GWM may soon outsell Proton and Perodua
It is no secret that as of late, Chinese car brands have been expanding pretty quickly in Malaysia. Cars like the BYD Atto 3, GWM ORA Good cat and Neta V have all seen great success in Malaysia. So, now we ask, will brands like GWM, Neta and BYD outsell brands like Proton and Perodua soon? Let’s see.
China’s new-energy vehicle (NEV) sales have gone up 60.2percent year-on-year to 717,000 units in May, according to data shown by the China Association of Automobile Manufacturers. With many parts of the world already quickly going fully electric, it seems like China is set to comfortably dominate the automotive world.
Moreover, the old mindset of “China made equals low quality and cheap,” is also no longer true as cars like the GWM ORA Good Cat have proven. With a plethora of features such as a massaging driver seat on the top spec vehicle and the BYD Atto 3 offering a fresh new interior layout, these cars are definitely high quality vehicles.
The output of NEVs in China has also reached 713,000 units last month, up 53 percent year-on-year. The NEV market share in China reached 30.1 percent in May and this is not for nothing, after all, soon Malaysia will also have to go fully electric and since Perodua and Proton are not close to the level China is at, we may have to turn to China to solve this problem for us.
On top of that, GWM has sold about 101,000 vehicles in May, which is up 26.2 percent from a year earlier, the Chinese automaker said in a statement and that NEV sales have reached 23,800 a while ago, with the total figure for the first five months in the year reaching 66,000.
While some may think the data shown is not indicative of healthy competition, this is simply a by product of the system the world uses, particularly, the system I shall not name that happens to be a touchy subject in the United States of America and the very same system that country prefers, so this is likely the way things will stay for a while.
So what do you guys think about this? Will we see more GWM, BYD and Neta vehicles on the road than Perodua and Proton vehicles soon? While the two local brands do make up the majority of cars on the road today, this will likely change very soon.