In China, Chinese carmakers produce less for joint ventures
- Chinese carmakers produced 27 million vehicles (PC+LUV) in 2022, compared to 26 million in 2021. Within this production, production under license via J.V. represented 12 million vehicles in 2022 (44% of the Chinese carmakers production), compared to 14 million in 2021 (54%). Production in China therefore increased by one million vehicles in 2022, but J.V. production fell by two million units.
- The major producers like SAIC or FAW were the first to be impacted by this trend, which - on the contrary - favoured independent carmakers, such as BYD or the new producers of electric cars.
- Geely maintains its position as the world's leading independent Chinese carmaker thanks to its control of Volvo and Proton. BYD is the first independent Chinese carmaker in China, but the second independent Chinese globally. By including production under license via J.V. the classification is completely different:
1. SAIC is the leading Chinese carmaker, with 4.9 million vehicles produced, including 3.8 million in JV.
2. FAW is the second, with 3.2 million vehicles produced, including 2.6 million in JV.
3. DFM, the third, with 2.8 million vehicles produced, including 1.9 million in JV.
4. GAC, the fourth, with 2.4 million vehicles produced, including 1.7 million JV.
5. Geely, the fifth, with 2.3 million vehicles produced, none of which in JV.
6. Changan, the sixth, with 2.1 million vehicles produced, including 400,000 in JV.
7. BYD is the seventh, with 1.9 million vehicles produced, none of which in JV.