Geely leads the globalisation of Chinese cars, Toyota still firmly at the top
AshleyMay 08, 2024, 12:10 PM
Geely leads the globalization of Chinese cars, while Toyota remains at the top
The Chinese auto industry is rising strongly and is reshaping the global automotive market map at an unprecedented speed. Over the past decade, Chinese auto brands have made a strong foray into the international market with their price advantages, high cost performance, and continuously improved product strength, evolving from obscurity to an emerging force that cannot be ignored.
New data released by the Joint Meeting of Chinese Passenger Car Market Information (CPCA) shows that in March 2024, the global sales share of Chinese auto brands reached 33%, which means that for every three new cars sold, one comes from a Chinese brand.
According to CPCA data, in the first quarter of 2024, global auto sales totaled 21.05 million units. Among them, the sales of Chinese automakers are strong, with cumulative sales in the first quarter reaching 8,150,000 units, accounting for a significant portion of the global market. Geely performed particularly well, with first-quarter sales reaching 738,400 units, ranking tenth in global sales and achieving a 3.5% global market share and a 2% share of the Chinese market.
Chinese brands shine in the world, BYD ranked eleventh globally, winning a 3.2% global market share; Chery kept up and ranked twelfth, occupying a 3% market share. In addition, Changan and SAIC ranked 15th and 16th respectively, highlighting the strong strength of Chinese automobile brands.
Although Chinese automobile brands are rising strongly in the global market, the throne of the global sales champion is still firmly occupied by Toyota. In the first quarter of this year, Toyota stayed at the top with a market share of 10.6%, becoming the only car company with a market penetration rate exceeding 10%. It is followed by Volkswagen Group (9.5%), Hyundai (7.4%), Stellantis (6.9%), and Renault-Nissan-Mitsubishi Alliance (6.5%). The everlasting sales champion Honda ranks seventh, reflecting the intense competition in the global automotive market.
If any infringement occurs, please contact us for deletion
Exploring the 2024 Beijing Auto Show: Xiaomi SU7 Has more than 70,000 orders
Xiaomi SU7 debuts at Beijing Auto Show, launched on March 28 with three models priced between RMB 216,900 to 229,900. Xiaomi aims to exceed 100,000 deliveries in 2024, with over 70,000 pre-orders received. SU7, built on the Modena platform, offers rear-wheel and all-wheel drive options, a sleek design, and luxurious interiors.
The Most Tech-savvy Electric MPV? Chery Exeed E08 Debuts at Beijing Auto Show
Exeed unveiled their first electric MPV, E08, featuring avant-garde "Phoenix Feather Butterfly" front design and "Wind Wings" lighting effect. Jointly crafted by European and Shanghai teams, it embodies Exeed's "Wind Aesthetics" 2.0.
2024 Toyota Sienna Price Slashed by Up to $3.5k!
Before the Beijing Auto Show on April 23, 2024, the 2024 Toyota Sienna launched in China with prices ranging from ¥28.48-39.58 million. Compared to the previous model, prices dropped ¥25,000, introducing 9 variants including models with an E-Four electric 4WD system.
DEEPAL S07 surpasses BYD, becoming the top-selling pure electric car in Thailand in April
The Thai market recently released the sales data of all-category electric vehicles for April. Noteworthy is that in April, DEEPAL S07 surpassed BYD Dolphin, becoming the champion of pure electric vehicle sales in Thailand for that month. Its monthly sales were 754 units, while Dolphin's monthly sales were 500 units. At the same time, DEEPAL S07 also achieved a month-on-month growth of up to 90.9%. The DEEPAL brand entered the Thai market very late, only officially landing in Thailand in Decembe
