Walking through the Beijing Auto Show, the unveiling of new cars and the release activities are all exciting.
The new cars of the independent brand are fashionable and avant-garde, and the audience flocked to the booth in waves, which is no longer the deserted scene of the past.
China's auto industry is undergoing a revolutionary change, and intelligent networked vehicles dominated by new energy are sweeping the world with a prairie fire.
However, just when China's car companies are in the limelight, some Western politicians and media have jumped out and frequently hyped up the "theory of China's new energy overcapacity".
What the hell is going on?
Let's first figure out, what exactly is "overcapacity"? The West defines "production capacity in excess of domestic demand" as excess capacity, which is completely contrary to common sense in economics.
Today's world is a world of economic globalization, and when planning industrial development, any country should not only focus on the domestic market, but also look at global needs.
Looking at China's new energy vehicle industry from a global perspective, it is not difficult to find that our production capacity is not only not excessive, but even needs to continue to expand to meet the greater market demand in the future.
According to authoritative data, global sales of new energy vehicles will reach 14.65 million units in 2023, while China's exports account for only 8% of them.
Looking ahead, the global demand for new energy vehicles is expected to reach 45 million units by 2030.
Even if China maintains an average annual growth rate of 20%, it will be difficult for production to fully meet the strong demand of the global market.
It can be seen that in the context of the vast global market space, China's new energy vehicles are not overcapacity at all.
Furthermore, if there is excess capacity in excess of a country's needs, will trade between countries lose its foundation? Aren't liquefied natural gas exported from the United States, cars exported from Germany, and passenger planes from Boeing and Airbus also sold overseas? Aren't they exporting "excess capacity" to the world? Obviously, in the era of economic globalization, the argument that a domestic demand is used to measure whether there is a surplus is untenable and runs counter to the theory of comparative advantage and the international division of labor.
In fact, the fiery development of China's new energy vehicle industry is supported by solid data.
The capacity utilization rate of leading car companies has remained at a high level of more than 90%, and BYD's capacity utilization rate was as high as 159.5% last year, and the entire industry is running at full capacity from design, production to delivery.
The average selling price of new energy vehicles exported to Europe and the United States is several times that of China, and there is no so-called "low-price dumping".
The manufacturing PMI index also continued to be higher than that of the United States, reflecting strong growth momentum.
It can be seen that no matter from which angle, there is no overcapacity of China's automobiles.
Therefore, some Western politicians and media who frequently hype up the "theory of China's overcapacity" are afraid that they are pretending to be confused and confusing the public.
They ignore the facts, ignore the basic economic laws, and fear the momentum of China's rise, so they make up specious arguments to discredit Made in China.
As everyone knows, globalization is unstoppable, and openness and cooperation are the right way for mankind.
Rather than being jealous of the achievements of others, it is wise to examine your own gaps and make progress together in healthy competition.
It is a fact that the innovation and development of China's automobile industry has contributed a strong impetus to the global automobile revolution.
We must strengthen our own development path, strive to improve the strength of key core technologies, build a globally competitive automobile brand, and serve global consumers with more high-quality products.
At the same time, we also welcome overseas car companies to invest in China and work together in mutual benefit and win-win results.
Let us use facts and achievements to counter those fallacies that smear China, show the vigorous vitality of China's automobile industry, and let "Made in China" benefit the world and the world!
What do you think about this? Feel free to interact with me in the comment section!