Cui Dongshu: By September 2025, China will have a market share of 38% in the global automotive industry.

In September 2025, the world's car sales reached 8.55 million units, an increase of 10% compared to the previous year, and an increase of 12% compared to August. With the continuous strength of the Chinese and American car markets, the world's car market in September 2025 surpassed the peak in September 2017 and reached historical peak levels. From January to September 2025, the sales volume was 70.53 million units, an increase of 6% compared to the previous year. In the first nine months of 2025, global car sales increased by 6%, with China's car sales reaching 24.32 million units, an increase of 13%, the United States sales of 12.58 million units increased by 4%, India's sales of 4 million units increased by 2%, Japan's sales of 3.46 million units increased by 5%, and Germany's sales of 2.33 million units decreased by 1%. Currently, the Chinese market is the most vibrant and growing at a rapid pace. The Russian market is declining significantly, while the growth rate in Mexico is slowing down. Markets in South America, such as Argentina, are performing relatively well. China's share of the world's car market continues to rise, reaching 38% in September, an increase of 2 percentage points from the previous year. In 2024, China accounted for 34.2% of the world's car market share, and from January to September 2025, it reached 34.5%. In 2021, global car sales of 81.35 million units increased by 4% compared to the previous year, showing a good recovery after the pandemic. However, in 2022, the sales volume dropped to 80.18 million units, a decrease of 1%, slightly higher than the 2020 sales volume. In 2023, global car sales reached 89.01 million units, an increase of 11%. After adjustments, the total annual sales in 2024 exceeded 91.77 million units, surpassing the level in 2019 and returning to a reasonable level. Despite the complex global car environment, the sales volume from January to September 2025 reached 70.53 million units, surpassing the levels of 2017 and returning to a high level, exceeding the sales volume in the same period in 2018. From the sales trends of various countries in the world, the performance is relatively better in developed countries in Europe and America, with the Chinese market showing overall strong performance. In 2024, the domestic sales in Russia approached the export volume of China, with Chinese domestic car brands having a high market share in Russia. The Russian market gradually recovered in 2023 and 2024, leading to high sales and profits for Chinese independent car brands. However, in 2025, the Russian market experienced a significant decline, with its market share dropping to 1.4%. Since 2020, China's share of the world car market has continued to rise, reaching 33.8% in 2023, increasing to 34.2% in 2024, and reaching 34.5% in the first 9 months of 2025, which is a significant achievement. In September 2025, global car sales increased by 6%, with China's car sales reaching 24.32 million units, an increase of 13%, the United States sales of 12.58 million units increased by 4%, India's sales of 4 million units increased by 2%, Japan's sales of 3.46 million units increased by 5%, and Germany's sales of 2.33 million units decreased by 1%. Currently, the Chinese market is the most vibrant and growing at a rapid pace. The Russian market is declining significantly, the growth rate in Mexico is slowing down, and markets in South America, such as Argentina, are performing relatively well. In 2025, the world market is further differentiating, with China's share gradually increasing. With the implementation of new subsidy policies, Chinese car sales rebounded in January, reaching a market share of 34%. However, due to the Spring Festival in February and temporary high rates in the US, Japan, and other markets, China's global market share in February dropped to 31%. With the promotion of the subsidy policies for replacing old cars with new ones, China's share of the world car market continues to rise, reaching a good level of 38% in September, an increase of 2 percentage points from the previous year. The performance of international car groups varies, with a noticeable decline in the market share of top international car companies and a stronger performance among Chinese car companies. With the increasing market position of China, Russia, and India in the global car market, and the strong performance of Asian car companies such as Geely, BYD, Chery, Chang'an, and Suzuki, the performance of Asian car companies in production and sales is promising. European car companies, on the other hand, have shown poor performance overall. Among the top 10 car companies in the world, two Chinese car companies have shown a strong increase in market share: BYD Co...