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 of global car sales continues to grow in 2024, driven by a recovering domestic auto market and high export volumes. According to Cui, China's global automobile market share has increased from 32.4 percent in 2020 to 34.7 percent in 2024. Domestic enterprises are seeing an overall upward momentum in global market share, with manufacturers such as BYD, Chery Auto, Changan Automobile and Geely performing particularly well.

Market Market Share Auto Share Global Car Cui China  share  41  record  hits  global  car  guangzhou  sales  dec  auto  high  cui  china  automobile  2024  market

History of this topic

Continous growth expected for Chinese electric cars in Europe despite import tariffs
2 weeks, 4 days ago

Continous growth expected for Chinese electric cars in Europe despite import tariffs

NL Times  

The rise of Chinese electric cars in Europe is far from over. Car sector association BOVAG reported, based on a study by consultancy agency KPMG, that the market value of Chinese electric cars will be 10 percent by 2030. Chinese brands like BYD and Lynk & Co are expected to have very little trouble with the European import tariffs that …

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 …

Chinese car sales surge in Britain but older drivers remain fearful of data threat and privacy security
1 month, 3 weeks ago

Chinese car sales surge in Britain but older drivers remain fearful of data threat and privacy security

Daily Mail  

Chinese car brands are gaining an increasing stronghold on Britain's car market - but older drivers remain sceptical over concerns about privacy risk, market research says. Registrations figures for 2024 show a 14 per cent increase in sales of models from the four major Chinese brands now available in the UK: BYD, MG, Omoda and Ora. The Leapmotor T03 is …

China's electric car sales grow in 2024, as sales of gasoline cars plunge
2 months, 1 week ago

China's electric car sales grow in 2024, as sales of gasoline cars plunge

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sales of all types of …

China’s electric car sales grew in 2024 as sales of gasoline cars plunged
2 months, 1 week ago

China’s electric car sales grew in 2024 as sales of gasoline cars plunged

Associated Press  

BEIJING — Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged, industry data showed Monday. A total of 31.4 million vehicles including buses and trucks were sold last year in the world’s biggest market by sales, up 4.5% compared to a year earlier, the China Association of Automobile …

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 …

Innovation speed key to NEV success in 2025
2 months, 3 weeks ago

Innovation speed key to NEV success in 2025

China Daily  

People look at a Xiaomi SU7 electric car during an automobile exhibition in Tianjin in October. TANG KE/FOR CHINA DAILY BEIJING — Despite facing challenges, China's new energy vehicle manufacturers made significant strides in 2024 and are poised to gain continued momentum as carbon reduction targets drive global demand for clean-energy vehicles. China has topped the global list for nine …

Innovation speed key to NEV success in 2025
2 months, 3 weeks ago

Innovation speed key to NEV success in 2025

China Daily  

People look at a Xiaomi SU7 electric car during an automobile exhibition in Tianjin in October. TANG KE/FOR CHINA DAILY BEIJING — Despite facing challenges, China's new energy vehicle manufacturers made significant strides in 2024 and are poised to gain continued momentum as carbon reduction targets drive global demand for clean-energy vehicles. China has topped the global list for nine …

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 …

Honda, Nissan deal could be key to comeback against China’s BYD
3 months ago

Honda, Nissan deal could be key to comeback against China’s BYD

Live Mint  

A Honda Motor Co. and Nissan Motor Co. combination could give the two struggling Japanese brands the scale to take on China’s BYD Co., sales figures released Wednesday show. China’s biggest automaker, BYD, sold 3.76 million vehicles over the same period, a clear illustration of how weak Nissan and Honda are alone but how, together, they may stand a fighting …

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 auto sector achieves strong growth in November
3 months, 2 weeks ago

China's auto sector achieves strong growth in November

China Daily  

Xinhua | Updated: 2024-12-12 11:21 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. CAO YINGYING/CHINA DAILY BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the …

China's auto sector achieves strong growth in November
3 months, 2 weeks ago

China's auto sector achieves strong growth in November

China Daily  

Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the first 11 months of 2024, auto production exceeded …

China's new energy passenger car sales surge in November
3 months, 2 weeks ago

China's new energy passenger car sales surge in November

China Daily  

BEIJING -- China's new energy passenger vehicle market continued to see robust growth in November, with retail sales reaching nearly 1.27 million units, industry association data showed on Monday. In November, production of new energy passenger vehicles reached about 1.48 million units, representing a 49.3 percent year-on-year increase and a 7.1 percent rise from the previous month. During the first …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
3 months, 2 weeks ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

Porsche refines dealer network amid market shifts
3 months, 2 weeks ago

Porsche refines dealer network amid market shifts

China Daily  

By LI FUSHENG | China Daily | Updated: 2024-12-09 10:25 Alexander Pollich, president and CEO of Porsche China, speaks at the 2024 China International Import Expo held in November in Shanghai. CHINA DAILY German sports car manufacturer Porsche is optimizing its dealer network in China, the world's largest automotive market, as shifting consumer preferences and intensified competition reshape the country's …

Nation poised to hold more than half of global EV fleet by 2025
3 months, 3 weeks ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

China’s EV price war is so brutal that BYD is trying to pinch its suppliers
3 months, 3 weeks ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

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. Hong Kong CNN — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

China sees more auto trade-ins on policy support
4 months ago

China sees more auto trade-ins on policy support

China Daily  

Cars that are part of a vehicle trade-in program are on display at an auto expo in Yantai, Shandong province. BEIJING - China reported a rapid increase in auto trade-ins thanks to policy support designed to benefit consumers. The Ministry of Commerce said Tuesday it had received over 4 million subsidy applications for trade-ins of passenger vehicles as of Monday …

'Irreversible trend' will spur global EV sales
Trending News
4 months, 1 week ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

'Irreversible trend' will spur global EV sales
Trending News
4 months, 1 week ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

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 …

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 …

Chinese EV giant BYD posts 24.4% rise in profit
6 months, 3 weeks ago

Chinese EV giant BYD posts 24.4% rise in profit

Hindustan Times  

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets. Chinese EV giant BYD posts 24.4% rise in profit The company posted a net profit of $1.91 billion in the January-June period, up from $1.54 billion …

Big milestone: NEV sales lead all segments
7 months, 1 week ago

Big milestone: NEV sales lead all segments

China Daily  

Export-bound NEVs await shipment in Xiamen, Fujian province. Retail sales of NEVs nationwide reached 878,000 units in July, accounting for 51.1 percent of the total market, according to data released by the China Automobile Dealers Association. The market penetration rate exceeding 50 percent marked a solid step toward accomplishing the government's target of making electric vehicles the mainstream of new …

China's auto sector registers growth momentum in H1
8 months, 2 weeks ago

China's auto sector registers growth momentum in H1

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. In the first six months, China's auto production reached about 13.89 million units, up 4.9 percent year-on-year, the data shows. In the meantime, auto sales stood at 14.05 million units, increasing 6.1 percent from the same period last year. China's auto exports stood at around 2.79 million …

Chinese auto exports surge, partly offsetting a sales slump at home
8 months, 2 weeks ago

Chinese auto exports surge, partly offsetting a sales slump at home

Associated Press  

BEIJING — Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. Sales in China dropped 7.4% compared to a year earlier to 1.8 million cars, while exports rose 29% to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report. The …

China's passenger car exports up 28% in June
8 months, 2 weeks ago

China's passenger car exports up 28% in June

China Daily  

BYD vehicles bound for Brazil await shipment in Lianyungang, Jiangsu province. BEIJING - China's exports of passenger vehicles hit 378,000 units in June, marking a 28 percent increase year-on-year and staying flat compared to the previous month, the latest data showed. With the South American market recovering, exports of Chinese-brand cars hit 325,000 units in June, up 31 percent year-on-year, …

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 …

China's consumer goods trade-in program spurs car, home appliance sales
9 months ago

China's consumer goods trade-in program spurs car, home appliance sales

China Daily  

Visitors watch a new energy vehicle equipped with Huawei's Qiankun system at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 25, 2024. BEIJING -- A consumer goods trade-in program rolled out by the Chinese government in March has spurred rising sales of products such as cars, home appliances and furniture. In May, retail sales of cars exceeded 2.27 …

Foreign businesses optimistic about China opportunities
9 months, 1 week ago

Foreign businesses optimistic about China opportunities

China Daily  

As one of the first batch of foreign companies that invested in China, Bosch sees the company's great potential for growth in China's emerging sectors, especially that of electric vehicles and hybrid energy. China boasts a huge potential for foreign enterprises and entrepreneurs to innovate and thrive, whether they are established business or emerging industries, said foreign business leaders in …

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. …

China's new-energy sector draws interest of global investors
10 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

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 …

From Shenzhen to Bremen, automotive cooperation takes new steps forward
10 months, 1 week ago

From Shenzhen to Bremen, automotive cooperation takes new steps forward

China Daily  

A sedan from Chinese carmaker BYD stands in front of car freighter BYD Explorer No 1 that came to Bremen, Germany, from Shenzhen, Guangdong province, in February. SHENZHEN — A ro-ro ship under the name BYD Explorer No 1, the first of the new energy vehicle giant's "shipping fleet" — with another seven transport ships under construction — arrived at …

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 …

Vehicle exports from China soar 34% in April
10 months, 1 week ago

Vehicle exports from China soar 34% in April

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Carmakers shipped 504,000 vehicles from China to overseas markets last month, up 34 percent year-on-year, according to the China Association of Automobile Manufacturers. Exports in the first four months totaled 1.83 million units, up 33.4 percent from the same period …

Vehicle exports from China soar 34% in April
10 months, 1 week ago

Vehicle exports from China soar 34% in April

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Carmakers shipped 504,000 vehicles from China to overseas markets last month, up 34 percent year-on-year, according to the China Association of Automobile Manufacturers. Exports in the first four months totaled 1.83 million units, up 33.4 percent from the same period …

GWM's overseas sales to rise 60% in 2024
10 months, 1 week ago

GWM's overseas sales to rise 60% in 2024

China Daily  

Great Wall Motor showcases its models at the 2024 Beijing auto show. Great Wall Motor, China's largest SUV maker, said it expects to scale up its overseas sales this year to 500,000 units, which would mark a 59.23 percent rise year-on-year. Last year, it delivered 314,000 vehicles outside of China, a record high for the company, which was one of …

Nation's tech sought out by automakers from abroad
10 months, 1 week 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, …

Mood toward NEV stocks brightens
10 months, 2 weeks ago

Mood toward NEV stocks brightens

China Daily  

A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. The trade-in plan is expected to spur demand from Chinese car buyers who adopted a wait-and-see stance in the previous months, said Yin Xinchi, chief auto and parts industry analyst at CITIC Securities. Of the cars that will be eventually traded in, …

China's trade-in program stimulates consumer market vitality
10 months, 2 weeks ago

China's trade-in program stimulates consumer market vitality

China Daily  

A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. BEIJING - China's new round of consumer goods trade-ins has achieved positive initial results over the past few months, raising market confidence that successful revival of consumption will offer stronger impetus to the economy. China's State Council released an action plan in …

Crisis or opportunity: traditional automakers in EV race
10 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

Crisis or opportunity: traditional automakers in EV race
10 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

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, …

How Beijing buried Western industry under a wave of cheap electric cars
11 months ago

How Beijing buried Western industry under a wave of cheap electric cars

The Telegraph  

China’s EV industry is benefiting from low labour costs, economies of scale from a large home market and a command economy that made battery and EV production a focus of China’s five-year plan introduced in 2021. BYD, which last year briefly eclipsed Tesla as the world’s biggest EV maker, plans to start production in Thailand this year with an annual …

VW to grow China sales to 4 million units in 2030
11 months ago

VW to grow China sales to 4 million units in 2030

China Daily  

A Volkswagen charging station is displayed at the Shanghai auto show on April 18, 2023. Volkswagen AG expects to scale up its sales to 4 million units in 2030 in China, which CEO Oliver Blume said is the German carmaker's "second home market". The 2030 sales goal, which was announced on Wednesday, would mean a 15 percent share of the …

Discover Related