The Chinese car market will grow by approximately 12% in 2025
- The Chinese passenger car market is projected to grow by nearly 12% in 2025, according to figures from the latest 10 months of the year. This means the market is expected to just surpass 25 million cars sold in 2025, a record high. China will therefore remain the world's largest car market.
- In 2024, the Chinese market reached 22.6 million passenger cars, representing a 3% increase compared to 2023 (21.9 million units). Growth then accelerated in 2025, jumping from +3% to +12%.
- Exports are expected to be just over 5.5 million units, compared to 5.0 million in 2024 and 4.1 million in 2023.
- BYD remains the leader in the Chinese market (15% market share), up 13% compared to 2024, ahead of Geely (11%), up 41%, and Chery (9%), up 12%. Volkswagen, formerly the leader in the Chinese market, finds itself in fourth position this year with 9% market penetration, down 2% compared to 2024, after several years of decline in the face of the offensive by Chinese carmakers. GM follows (7%), up 43%, but this is actually misleading since 70% of this volume relates to the Wuling and Baojun subsidiaries, which are 50.1% owned by the Chinese group SAIC, while GM includes these subsidiaries in its own scope, owning 34%. GM's true market share should therefore be 3.5%, not 7%. Next come Changan (6%), Toyota (5%), Great Wall (4%), SAIC (3%, but actually 6.5% including Wuling and Baojun), and Tesla (3%). Chinese carmakers collectively hold 70% of the Chinese market.