Lates News

date
29/08/2025
The Secretary-General of the China Association of Automobile Manufacturers, Cui Dongshu, stated in a document that by 2025, the world market will further differentiate, with China's share gradually rising. At the beginning of 2025, the implementation of two new subsidy policies gradually led to an increase in China's car sales, with a market share of 34% in January. However, due to the Chinese New Year in February and temporarily high markets such as the United States and Japan, China's world market share in February was only 31%. With the promotion of subsidies for replacing old cars with new ones, the domestic automobile market strengthened month by month, and by July, China's world market share had risen to a good level of 34%, an increase of 3 percentage points from the previous year. Chinese domestic brands have significantly increased their world market share, with companies such as BYD, Geely, Chery, and Changan performing well. The recent rapid development of new energy in China has led to a strong trend among domestic car companies, with BYD ranking 6th in the world, Geely ranking 9th, and Chery ranking 11th. The development of electrification has also caused some international car companies to gradually decline. Except for the temporarily strong US market and the good performance in markets like India for Suzuki, factors leading to significant declines in market share for other international brands have been comprehensive and significant.