China Auto Market Share

The chart also shows china s market share at the global auto production.

China auto market share. The automotive industry of china was under high pressure in 2019 as it was affected by such factors as china u s. The traditional big four domestic car manufacturers are saic motor dongfeng faw and chang an. Economic and trade frictions adoption of stricter emission standards and nev new energy vehicle subsidy cuts.

While the global automobile production grew by more than 57 from 2000 to 2019 china s market share at the worldwide auto production exploded by the 7 fold. Beijing automotive is down by more than a third at 21 with huansu sales down by nearly two thirds also posted separately at 42 and ford is down by nearly 40 to just 1 1 market share coming from 4 3 share in 2014 and back to its sales level of 2009 at below 250 000 sales. The auto firms which depend on the asian economic powerhouse for up to 30 40 of their sales managed to boost their market share in the country even as the auto industry witnessed falling sales.

In a normal year china would have sold more than 6 million new cars by now. The automotive industry in china has been the largest in the world measured by automobile unit production since 2008. Chinese auto market keeps recovering in august 2020 posting the fourth positive month in a string.

Bmw grew 5 5 while the leader volkswagen fell 20 7. David xu executive vice president of bosch china said that the company which also provides. Other chinese car manufacturers are.

China automotive industry size sales share other stats impact of covid 19 outbreak on china automotive industry manufacturers contract manufacturers suppliers and recovery strategy and dynamics such as emerging trends market opportunity drivers challenges to market growth have been included in the latest report published by goldstein market intelligence. 01 56 china s automotive market which saw a slowdown in vehicle sales since 2018 alongside the overall economy is expected to continue a longer term growth albeit at a slower pace bosch the world s largest car parts maker said. This year the number is closer to 3 7 million and now the government is handing out cash to help the world s biggest.

In a year where global auto sales are expected to fall by 20 per cent rating agency s p expects china may be the only market to catch up with 2019 volumes in the next two years. The entire industry was still in the process of transformation and upgrading.