Chinese carmakers continue to increase on the Chinese market in 2025
- In the first quarter of 2025, production of passenger cars (sedans, SUVs, MPVs) in China increased by 16% compared to the first quarter of 2024, to 6.5 million units compared to 5.60 million last year. This growth marks both the good performance of the Chinese market and the increase in exports, which the CAAM (China Association of Automobile carmakers) estimates at 1.42 million units over the first three months of the year, up 7.3% compared to last year. CAAM estimates the domestic market at 5.24 million units in the first quarter of 2025, up 14.5% compared to the first quarter of 2024.
- Chinese carmakers continue to gain market share from foreign carmakers, most of which produce their cars through joint ventures with Chinese companies. The trend is obvious by obeserving the carmakers growth in the first quarter of 2025 compared to the first quarter of 2024 to see this.
- BYD, Geely, Wuling, Chery, Xpeng, Xiaomi are the carmakers that have progressed the most during this period and often with significant volumes (362,000 for BYD, 227,000 for Geely, 132,000 for Wuling, 92,000 for Chery, 72,000 for Xpeng, 72,000 for Xiaomi). There are 12 Chinese carmakers among the 14 carmakers that have progressed in 2025.
- Those that have declined the most during the same period are Honda (-85,000 units), Nissan (-52,000 units) and Tesla (-48,000 units), two Japanese carmakers and one American carmaker. There are 9 non-Chinese carmakers among the 15 carmakers that have declined in 2025 (including 4 European, 2 Japanese and 2 American). Note that the American group GM, not including Wuling (owned by SAIC at 50.1%), remained stable but at a very low level.