Chinese carmakers occupy 39% of the Chinese market in 2021
- On the Chinese passenger car market, local Chinese carmakers (excluding vehicles assembled in joint ventures) are making significant progress in 2021. While their market share fell to 33% in 2020, Chinese carmakers gained 6 market share points to reach 39% on the Chinese market during the first ten months of 2021. it is to be noted that over the first ten months of 2021, the Chinese automobile market increased by 9% compared to the first ten months of 2020, but still down by 1.8% compared to the first ten months of 2019.
- Compared to last year, the progress of most Chinese carmakers is strong: +73% for BYD, +52% for Chery, +42% for JAC, +38% for FAW, +34% for Changan, +33% for Dongfeng, +27% for GAC, +27% for Great Wall, +25% for MG-Roewe. Curiously, the Geely group (the first Chinese carmaker excluding J.V.) saw its sales increase by only 1% in 2021 compared to 2020, which resulted in contracting the gaps between the different Chinese carmakers, in particular between Geely and Changan. It is also to note that Beijing and Brilliance are the only Chinese carmakers to see their sales dropped compared to 2020.
- The market share increase of Chinese carmakers comes at the expense of the Volkswagen (-15%) and Hyundai-Kia (-25%) groups. It is done more modestly to the detriment of the Toyota (+5%), GM (+6%), Renault-Nissan (-5%) and Honda (-4%) groups. The Stellantis group is trying to revive its sales (+ 29%) after having seen its sales fall for several years, but its sales volume remains low overall. The Stellantis group is thus positioned in 25th position on the Chinese market in 2021.
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