Chery Automobile， Anhui Provincial Port & Shipping Group and Anhui Jianghuai Automobile Group jointly established Anhui Hangrui International Ro-Ro Transportation with a registered capital of 900 million yuan.
So far this year, China's auto exports have kept rising, China has overtaken Germany to become the world's second largest auto exporter after Japan. China exported 3 million cars from January to November, up 51% from a year earlier.
By the beginning of November 2022, according to Clarkson， PCTC fleet only increased by 0.4% compared with the beginning of 2018. Most of the new ships will be delivered after 2024, resulting in a serious shortage of capacity of automobile.
BYD had to rent multipurpose vessels because of surging demand and a lack of capacity. Chery Automobile has previously partnered with COSCO Shipping Special Transportation to use multipurpose pulp vessels to transport Chery‘s automobiles.
（Related：
https://www.xindemarinenews.com/en/market/2022/0819/41113.html）
Major car manufacturers are also ordering new ships. In July, BYD ordered up to eight PCTCs. In November, BYD ordered two 7,000CEU dual fuel PCTCs at GSI, costing about $90 million to $93 million each for delivery in 2025. BYD recently signed four 9,400CEU dual fuel PCTCs order with China Merchants Industry, each costing at least $100 million and expected to be delivered in 2025.
On December 20th, BYD changed its business scope to include international shipping and port, representing that BYD has set up its own auto transportation. It is understood that Chery Automobile and NIO are also preparing to order their own car carriers.
The establishment of Anhui Hangrui International Ro-Ro Transportation also indicates that Chery Automobile will soon order its own PCTC.
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