china car market share by brand

The automotive industry in China has seen significant growth over the years, with both domestic and foreign car brands vying for market share in this lucrative market. As we look ahead to 2023, it is interesting to analyze the current market share of foreign car brands in China and predict how it may evolve in the coming year.

1. Volkswagen Group

Volkswagen has long been a dominant force in the Chinese automotive market, with a strong presence across various segments. In recent years, Volkswagen Group has continued to solidify its position as one of the top foreign car brands in China. With a diverse range of models catering to different consumer preferences, Volkswagen is expected to maintain a significant market share in 2023.

2. Toyota Motor Corporation

Toyota has also established itself as a popular choice among Chinese consumers, known for its reliable and fuel-efficient vehicles. The Japanese automaker has seen consistent growth in market share in China, thanks to its strong brand reputation and commitment to innovation. As we look towards 2023, Toyota is likely to maintain its competitive position in the Chinese automotive market.

3. General Motors (GM)

General Motors, with brands such as Buick and Chevrolet, has a strong foothold in the Chinese market and has been a key player in driving sales in the region. GM has strategically localized its operations and tailored its products to suit Chinese consumers’ preferences, contributing to its market share growth. In 2023, GM is expected to continue its steady performance in China.

4. BMW Group

German luxury automaker BMW has a loyal customer base in China, known for its premium vehicles and cutting-edge technology features. Despite facing stiff competition from other luxury brands, BMW has managed to maintain a respectable market share in China. With a focus on electrification and …

Chinese Automotive Industry

China Car Market Share Statistics by Brand 2024

January 18, 2024November 18, 2024 - by Evelyn Stewart

The automotive industry in China is one of the largest and most dynamic in the world, with a rapidly growing market that continues to attract both domestic and international car manufacturers. As we look towards the year 2024, it is interesting to analyze the projected market share statistics by brand in the Chinese car market.

1. Volkswagen Group

Volkswagen Group is expected to maintain its position as one of the leading car manufacturers in China in 2024. With popular brands such as Volkswagen, Audi, and Skoda, the group has established a strong presence in the Chinese market. Their diverse vehicle lineup and reputation for quality and reliability are likely to contribute to their market share growth in 2024.

2. General Motors (GM)

General Motors is another major player in the Chinese car market and is anticipated to maintain a significant market share in 2024. With brands like Buick, Chevrolet, and Cadillac, General Motors has a broad range of vehicles catering to different consumer preferences. Their consistent innovation and strategic partnerships in China are expected to drive their market share in the coming years.

3. Toyota Motor Corporation

Toyota Motor Corporation, a global automotive giant, is projected to continue its growth trajectory in the Chinese market in 2024. Known for its reputation for quality, durability, and innovation, Toyota’s brands like Toyota, Lexus, and Daihatsu are well-received by Chinese consumers. The company’s commitment to sustainability and technological advancements is likely to contribute to its market share expansion in 2024.

4. Chinese Domestic Brands

Domestic Chinese car manufacturers are also expected to play a significant role in the market share landscape in 2024. Brands such as BYD, Geely, and Great Wall Motors have been gaining traction in the Chinese market with their electric vehicles, SUVs, and innovative technologies. These brands are likely to …