Sales push as brands brace for tough 2025
1 month, 2 weeks ago

Sales push as brands brace for tough 2025

China Daily  

By LI FUSHENG | China Daily | Updated: 2025-02-10 09:48 Dancers perform next to a BYD Sealion 7 at the Singapore Motor Show on Jan 9, 2025. Over the past five years, the number of Chinese car brands selling more than 600,000 vehicles annually jumped from 11 in 2020 to 13 in 2024, signaling a dramatic shift toward greater market concentration. More tellingly, for the first time, Chinese brands have broken into the ranks of those with sales exceeding 1.2 million units annually — a mark that was once the exclusive domain of foreign brands. The decline is a direct result of the seismic shift toward electric vehicles and smart driving technology — areas where many foreign brands have struggled to keep pace. As intelligent driving systems become standard, the focus is shifting to in-car experiences, with carmakers investing heavily in creating more personalized, intuitive environments for consumers, said McKinsey.

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History of this topic

China builds economic fortress as US trade pressure mounts: Report
1 month, 2 weeks ago

China builds economic fortress as US trade pressure mounts: Report

Firstpost  

China is ramping up self-sufficiency in key industries like EVs, semiconductors, and AI to counter US trade restrictions, though challenges in chip production and global market tensions persist. China reduced its reliance on US farm imports Since the US and China imposed tit-for-tat tariffs in their trade war during Donald Trump’s first presidential term, Beijing has taken steps to reduce …

China hits record auto sales with 41% market share as of Dec
1 month, 2 weeks ago

China hits record auto sales with 41% market share as of Dec

China Daily  

Visitors check out a Yangwang U7 at the 22nd Guangzhou International Automobile Exhibition held at the Canton Fair complex in Guangzhou, on Nov 15, 2024. China's market share of car sales in the global market hit a record high of 41 percent in December last year, said Cui Dongshu, secretary-general of the China Passenger Car Association on Sunday. China's share …

Chinese NEVs shine at auto shows abroad
1 month, 3 weeks ago

Chinese NEVs shine at auto shows abroad

China Daily  

Visitors look at a Lumin of Changan Auto during the 45th Bangkok International Motor Show. "A quick glance at the Geneva auto show might have persuaded jittery Europeans that the real or imagined existential threat to its iconic automotive industry by China's manufacturers had already happened," said Neil Winton in a Forbes report. Two months later, in May 2024, the …

Volkswagen delivers over 2.9 million cars in China in 2024
2 months, 1 week ago

Volkswagen delivers over 2.9 million cars in China in 2024

China Daily  

Workers at a Volkswagen workshop in Hefei, East China's Anhui province, Sept 25, 2024. HEFEI -- Volkswagen Group delivered over 2.9 million vehicles in the Chinese market in 2024 while its global vehicle deliveries surpassed 9 million last year, according to the German automaker. We made significant strides in bringing our strategy to life, demonstrating our long-term commitment to China," …

China makes more cars than it needs. Now, it’s shakeout time.
2 months, 2 weeks ago

China makes more cars than it needs. Now, it’s shakeout time.

Live Mint  

Overall, car sales in China rose 5.5% last year to 22.9 million vehicles, the China Passenger Car Association said Thursday. Domestic brands accounted for 61% of the local market last year, up 8.6 percentage points from a year earlier, the China car association said. Last year, 23 EV brands either exited China or were consolidated into other brands, while a …

Beijing pushes to use China-made chips in its EVs
2 months, 3 weeks ago

Beijing pushes to use China-made chips in its EVs

Live Mint  

SINGAPORE—China isn’t satisfied with becoming the world’s dominant maker of electric vehicles. U.S. Trade Representative Katherine Tai said there was evidence China used “extensive anticompetitive and non-market means" to achieve self-sufficiency, and the Commerce Department has said subsidized low-cost Chinese chip makers might flood the global market and drive down prices. Earlier in 2024, officials from China’s Ministry of Industry …

Successes and fails of fierce auto sector
2 months, 3 weeks ago

Successes and fails of fierce auto sector

China Daily  

By LI FUSHENG | China Daily | Updated: 2024-12-30 10:15 Visitors check out BYD's booth for its Yangwang series at the Guangxi-ASEAN International Auto Show 2024 held from Dec 5 to 9. But the overall picture is rosy: new energy vehicle sales are expected to hit a record 13 million units in 2024, according to the China Association of Automobile …

The retreat from the world’s largest auto market has begun
3 months, 1 week ago

The retreat from the world’s largest auto market has begun

CNN  

New York CNN — It wasn’t long ago that China was by far the largest and most profitable market for General Motors. “Every international brand is suffering in China.” While GM has yet to announce the details of its restructuring in China, Schuster and other experts said most Western automakers, including GM, are looking at how long they can stay …

Shifting from 'world's factory' to brand powerhouse
3 months, 1 week ago

Shifting from 'world's factory' to brand powerhouse

China Daily  

For much of its industrial history, China has been the world's manufacturing center, producing goods at scale for international brands, although it is yet to have many internationally renowned brands of its own. In 2008, only 13 Chinese brands were in the Brand Finance Global 500, worth a combined brand value of $62 billion. This is evident from the increasing …

Audi’s Rebrand in China Points to Bigger Changes in the Auto Industry
3 months, 2 weeks ago

Audi’s Rebrand in China Points to Bigger Changes in the Auto Industry

Wired  

It’s also a rejiggering for the German automaker, which entered China in the late 1980s and became, thanks to a partnership with domestic manufacturer FAW, the first global premium brand to adapt its autos to the Chinese market. “I want to evolve it further.” The brand tweaking also points to deeper dynamics in the Chinese market, where global automakers well …

China’s Tesla Model Y rival set to arrive in the UK
3 months, 2 weeks ago

China’s Tesla Model Y rival set to arrive in the UK

The Independent  

Chinese car maker Xpeng has confirmed its entry into the UK market. Speaking exclusively to The Independent, IM Group managing director William Brown said “the plan is that we will launch the first model in March next year, which is the G6.” open image in gallery The Xpeng G7 features a practical 571 litre boot The G6, a crossover rival …

Riding toward a cleaner, greener world
4 months ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Riding toward a cleaner, greener world
4 months ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Chinese Tech Giants Dominate the Electric Vehicle Market
5 months ago

Chinese Tech Giants Dominate the Electric Vehicle Market

Live Mint  

Chinese tech giants are making a big push into the electric vehicle (EV) market, with several companies like Baidu, Huawei, Xiaomi, and Apple investing heavily in the industry. These tech firms have been able to leverage their expertise in software, AI, and automation to create smart and efficient EVs that are often more advanced than their Western counterparts. However, the …

Rugged off-roader that drove a nation forward targets the next generation
5 months, 3 weeks ago

Rugged off-roader that drove a nation forward targets the next generation

China Daily  

There is probably no doubt that FAW's Hongqi, which means Red Flag, is the best-known indigenous Chinese vehicle brand. A report from consulting firm iiMedia Research revealed that the size of China's outdoor economy was 46 billion yuan in 2020, tripling to 133.4 billion yuan in 2023, driving up demand for off-road vehicles. Lu Yunran, general manager of the new …

Rugged off-roader that drove a nation forward targets the next generation
5 months, 3 weeks ago

Rugged off-roader that drove a nation forward targets the next generation

China Daily  

There is probably no doubt that FAW's Hongqi, which means Red Flag, is the best-known indigenous Chinese vehicle brand. A report from consulting firm iiMedia Research revealed that the size of China's outdoor economy was 46 billion yuan in 2020, tripling to 133.4 billion yuan in 2023, driving up demand for off-road vehicles. Lu Yunran, general manager of the new …

Despite global EV slowdown, China's car industry refuses to put on handbrake
6 months ago

Despite global EV slowdown, China's car industry refuses to put on handbrake

ABC  

Global demand for electric vehicles has cooled in recent months after a dramatic rise over the last decade, leading several major car manufacturers to scale back electrification plans. With China's car exports reaching record highs this year, Anderson said prospective owners in markets like Australia had become more open to Chinese brands because their performance was much improved. By building …

German brands revving up presence in China
6 months, 2 weeks ago

German brands revving up presence in China

China Daily  

Mercedes-Benz showcases the EQE 500 4MATIC Flagship at an auto show in Changchun, Jilin province, in July. Mercedes-Benz, BMW and Audi are preparing to roll out new models in China, scheduled to hit the market from 2025, as local Chinese rivals threaten to hog the limelight in the premium sector and lure car buyers away from the German trio. Over …

German brands revving up presence in China
6 months, 2 weeks ago

German brands revving up presence in China

China Daily  

Mercedes-Benz showcases the EQE 500 4MATIC Flagship at an auto show in Changchun, Jilin province, in July. Mercedes-Benz, BMW and Audi are preparing to roll out new models in China, scheduled to hit the market from 2025, as local Chinese rivals threaten to hog the limelight in the premium sector and lure car buyers away from the German trio. Over …

Glory days for automakers like Ford, General Motors in China are over
6 months, 3 weeks ago

Glory days for automakers like Ford, General Motors in China are over

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. The rapid rise of China’s homegrown electric vehicle makers, such as BYD and Xpeng, is upending the largest passenger car market on the planet and leaving the world’s biggest carmakers on the losing …

Smart features drive up Chinese carmakers
7 months, 1 week ago

Smart features drive up Chinese carmakers

China Daily  

Su Jun, president of J.D. Smart onboard functions have enabled Chinese automotive startups to make foray into high-end markets and compete with established global giants, said a senior J.D. "Smart NEVs have won the heart of Chinese car buyers," said Su Jun, president of J.D. Smart cockpit technologies are more widely accepted by new vehicle owners in China and are …

Chinese car buyers value smart functions
7 months, 2 weeks ago

Chinese car buyers value smart functions

China Daily  

The AITO booth attracts visitors at the Beijing auto show in April 2024. New vehicle owners show a strong preference for purchasing smart cockpit technologies such as online navigation, intelligent voice assistants and digital keys, according to a J.D. This suggests that smart cockpit technologies are more widely accepted by new vehicle owners in China and are a key factor …

Domestic brands look to grow global markets
8 months, 2 weeks ago

Domestic brands look to grow global markets

China Daily  

Workers assemble an electric car in BYD's factory in Rayong, Thailand, on July 4. "BYD's investment in Thailand, along with its advanced production technology, will drive the development of the new energy vehicle industry in Thailand and across ASEAN countries," said Thailand's Minister of Industry Pimphattra Wichaikul. Southeast Asia is emerging as a hub for Chinese carmakers, especially those which …

Chinese carmakers zoom ahead abroad
8 months, 3 weeks ago

Chinese carmakers zoom ahead abroad

China Daily  

Chinese carmakers and auto parts manufacturers are increasingly diversifying their overseas production bases to meet growing global demand and address heightened supply chain security concerns, with Central European countries and Mexico becoming hot spots, experts and business executives said. "The two regions also boast good industrial bases with established names that have already set up operations and need good-quality auto …

Chinese carmakers to possess 33% market share by 2030: report
8 months, 3 weeks ago

Chinese carmakers to possess 33% market share by 2030: report

China Daily  

An exterior view of the first dealership opened by Chinese carmaker BAIC, April 6, 2023, in Russia. Chinese branded carmakers are expected to take up 33 percent of the overall global market share by 2030 according to a report by Global consulting firm AlixPartners, financial news outlet Cailian Press reported on Friday. Sales volume of Chinese-branded vehicles in the overseas …

Smart driving sees higher acceptance in China
9 months ago

Smart driving sees higher acceptance in China

China Daily  

Seres Chairman Zhang Xinghai speaks at the World Intelligence Expo on June 20, 2024. At first they did not dare to use the functions but gradually their fear is gone and finally they have taken to them, said Seres Chairman Zhang Xinghai at the World Intelligence Expo on Thursday. Seres designs and produces AITO-branded electric vehicles in collaboration with Huawei, …

Chinese cars making inroads Down Under
9 months, 1 week ago

Chinese cars making inroads Down Under

China Daily  

It was not all that long ago when Australian roads were dominated by cars from the United States, Europe, Japan and South Korea. He told China Daily: "At the time Australia still had a domestic car sector which made entry all that more difficult for new entrants to the market. "Chinese EVs are cheaper in Australia than in Europe or …

BYD vs Huawei: Trash talking by China’s EV giants highlights pressures at heart of world’s biggest car market
9 months, 2 weeks ago

BYD vs Huawei: Trash talking by China’s EV giants highlights pressures at heart of world’s biggest car market

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. It all started on Saturday, when Yu Chengdong, the chairman of Huawei’s smart car unit, implied that rival EV maker BYD is racing ahead because of low prices rather than the quality of …

BYD vs Huawei: Trash talking by China’s EV giants highlights pressures at heart of world’s biggest car market
9 months, 2 weeks ago

BYD vs Huawei: Trash talking by China’s EV giants highlights pressures at heart of world’s biggest car market

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. It all started on Saturday, when Yu Chengdong, the chairman of Huawei’s smart car unit, implied that rival EV maker BYD is racing ahead because of low prices rather than the quality of …

SOEs set roadmap for rapid transformation
9 months, 3 weeks ago

SOEs set roadmap for rapid transformation

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. With China's EV industry developing advantages of scale after more than a decade of growth, State-owned automakers, such as China FAW Group, Dongfeng Motor Corp, Guangzhou Automobile Group and Beijing Automotive Group, are reinforcing their positions in the fuel-powered vehicle market while aggressively expanding …

SOEs set roadmap for rapid transformation
9 months, 3 weeks ago

SOEs set roadmap for rapid transformation

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. With China's EV industry developing advantages of scale after more than a decade of growth, State-owned automakers, such as China FAW Group, Dongfeng Motor Corp, Guangzhou Automobile Group and Beijing Automotive Group, are reinforcing their positions in the fuel-powered vehicle market while aggressively expanding …

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels
9 months, 3 weeks ago

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels

ABC  

Australia's roads have long been dominated by the auto giants of Japan, Germany and the United States but China is fast earning its spot in the garage of glory. Marina Zhang, from the University of Technology Sydney's Australia-China Relations Institute, said while "substantial industrial policies and financial subsidies" had helped its EV industry mature, China also had several competitive advantages. …

Experts slam 'overcapacity' talk
10 months ago

Experts slam 'overcapacity' talk

China Daily  

Employees work at an auto production facility in Jinhua, Zhejiang province, in April. BEIJING — China's booming new energy vehicle sector recently drew scrutiny for purported "Chinese overcapacity" from certain Western nations. As a proactive response to the global green and low-carbon transition, China's thriving sectors like NEVs, wind power and photovoltaics have gained more prominence, Huo said. Huo noted …

German carmakers upbeat on China market, green push
10 months, 1 week ago

German carmakers upbeat on China market, green push

China Daily  

The roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive is held in Shenyang, Liaoning province, on May 8. In 2023, China's automobile production and sales had reached 30.2 million and 30.1 million vehicles, respectively, representing year-on-year increases of 11.6 percent and 12 percent. China's automobile market has ranked first globally in terms of both production and …

The power source of China's new energy industry
10 months, 1 week ago

The power source of China's new energy industry

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. These lively scenes vividly depict the robust growth of China's new energy sector, igniting global curiosity about its unprecedented ascent. In 2023, both production and sales of China's new energy vehicles exceeded 9 million units, maintaining its position as the global leader for nine …

Nation's tech sought out by automakers from abroad
10 months, 2 weeks ago

Nation's tech sought out by automakers from abroad

China Daily  

A man takes a selfie with a Toyota Camry, a hybrid sedan, at the marque's booth during the recent 2024 Auto China in Beijing. CAO YINGYING/CHINA DAILY Foreign automakers are increasingly teaming up with Chinese tech companies to introduce cutting-edge technologies like artificial intelligence in vehicles, targeting the preferences of tech-savvy customers in China, the world's largest auto market. Toyota, …

NEV makers move fast in China leveraging innovation, cooperation
10 months, 2 weeks ago

NEV makers move fast in China leveraging innovation, cooperation

China Daily  

Employees work on the assembly line of a new energy vehicle manufacturer in Chongqing. TANG YI/XINHUA HEFEI -- Fierce competition has driven up technological innovation and industrial upgrading in China's new energy vehicle sector, with auto brands revving up investment and seeking cooperation. China's NEVs captured a 62-percent share of the global NEV market in the first two months of …

Tech firms eye big footprint in vrooming NEV sector
10 months, 3 weeks ago

Tech firms eye big footprint in vrooming NEV sector

China Daily  

Visitors check out an electric sedan in Hangzhou, Zhejiang province, in December. Donghai Securities said in a research note that autonomous driving technologies are entering a phase of rapid growth in China, as tech companies such as Huawei bring in more advanced driving assistance systems to cars. Similar to Huawei's emphasis on smart driving, Xiaomi Lei Jun, chairman and CEO …

Tech firms eye big footprint in vrooming NEV sector
10 months, 3 weeks ago

Tech firms eye big footprint in vrooming NEV sector

China Daily  

Employees work at the assembly line of Xiaomi SU7 electric sedans in Beijing in March. HE GUANXIN/FOR CHINA DAILY Chinese technology companies are foraying into the new energy vehicle industry, believing that the smart driving functions of electric vehicles will be key to winning market competitions over the next decade. From supplying autonomous driving systems to developing cars, tech companies …

Tech firms eye big footprint in vrooming NEV sector
10 months, 3 weeks ago

Tech firms eye big footprint in vrooming NEV sector

China Daily  

Employees work at the assembly line of Xiaomi SU7 electric sedans in Beijing in March. HE GUANXIN/FOR CHINA DAILY Chinese technology companies are foraying into the new energy vehicle industry, believing that the smart driving functions of electric vehicles will be key to winning market competitions over the next decade. From supplying autonomous driving systems to developing cars, tech companies …

Feeling faster drive to green, smart and win-win future at Beijing auto show
10 months, 3 weeks ago

Feeling faster drive to green, smart and win-win future at Beijing auto show

China Daily  

People visit XPENG's booth at 2024 Beijing International Automotive Exhibition on April 25. The suburban area is hosting the 10-day-long 2024 Beijing International Automotive Exhibition, a grand auto industry event that kicked off Thursday after a lapse of four years. A recent report from global market research firm International Data Corporation predicted that the global sales of smart driving cars …

Feeling pulse of China's tight NEV market from success of newcomer
10 months, 3 weeks ago

Feeling pulse of China's tight NEV market from success of newcomer

China Daily  

Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. In addition to leading NEV manufacturer BYD and domestic up-rising stars such as Li Auto, NIO and Xpeng, a newcomer born from China's smartphone maker Xiaomi has stirred up a new wave of NEV frenzy. Seeing from Xiaomi's successful …

5 cars from the Beijing auto show that reflect China's vision for the future of driving
11 months ago

5 cars from the Beijing auto show that reflect China's vision for the future of driving

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

5 cars from the Beijing auto show that reflect China’s vision for the future of driving
11 months ago

5 cars from the Beijing auto show that reflect China’s vision for the future of driving

Associated Press  

BEIJING — China’s vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show. “It starts with the concept of the third place,” said Beatrix Keim, the China director at German auto research center CAR. So says Chery Automobile Co., China’s biggest exporter, which told its auto show audience …

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization
11 months ago

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization

China Daily  

Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. Price cuts across various brands after Xiaomi's launch, from the Huawei Aito M7 to the 2024 Xpeng G9, demonstrate the dynamic nature of China's EV market. However, the fierce competition in China's new energy vehicle market, including price wars …

Chinese automakers redefine the car as a living space at Beijing Auto Show
11 months ago

Chinese automakers redefine the car as a living space at Beijing Auto Show

Associated Press  

BEIJING — How about turning a car’s front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? The seemingly never-ending efforts of China’s electric car makers to redefine the automobile went on display Thursday at the opening of the nation’s largest annual auto show. …

Chinese electric vehicles see more sales in developing countries
11 months ago

Chinese electric vehicles see more sales in developing countries

China Daily  

Marelli's booth at the 2024 Beijing International Automotive Exhibition. Developing countries have more potential to increase their adoption of Chinese-made electric vehicles once they expand their associated infrastructure in the years ahead, said a senior foreign business leader. Speaking at its booth during the ongoing 2024 Beijing International Automotive Exhibition, David Slump, president and CEO of Marelli Holdings Co Ltd, …

Global car brands need to catch up, says expert
11 months ago

Global car brands need to catch up, says expert

China Daily  

Xu Changming, an expert at the State Information Center, gives a speech at the seminar organized by Auto Star Works on April 23, 2024. International carmakers need to make "major changes" to stay competitive in China, the world's largest vehicle market, said Xu Changming, an expert at the State Information Center. Also, the State Information Center's survey show that those …

Top auto giants reach out for Chinese tech
11 months ago

Top auto giants reach out for Chinese tech

China Daily  

An Xpeng store in Hangzhou, Zhejiang province, showcases its P7i, P5 sedans and other models. LONG WEI/FOR CHINA DAILY Global carmakers from Volkswagen and Stellantis are reaching out to Chinese electric vehicle companies to help boost their competitive edge as the sector is shifting toward electrification. Volkswagen said on Wednesday it is codeveloping an electrical/electronic architecture with Chinese startup Xpeng …

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