Automobile IndustryChina > Chinese automobile production up-to-date

China's automobile market up-to-date

China's automobile production growing weaker, market shares of Chinese manufacturers lower

Symbol picture of cars in China.

As an up-to-date-supplement to the analysis about the position of the worldwide ten largest carmakers in China and their ten largest Chinese competitors in this magazine, this article publishes data about the automobile production in China and the market share of the Chinese car manufacturers, based on data from the China Association Of Automobile Manufacturers CAAM. However, the timeliness of the data is limited due to time intervals that have become longer.

October 22nd, 2018 - Automobile production in China reached with 29.0m motor vehicles in 2017 an increase of 3.2% compared to prior year.

 

During the first eight months to August 2018 automobile production produced 18.3m motor vehicles, an increase by 2.8% year on year.

Automobile production in China from 2017 to 2018.
Source: www.caam.org.cn/english/ China Association of Automobile Manufacturers CAAM

Chinese carmakers are slightly losing market shares

In 2017 sales of Chinese automakers increased by 3% to 2016 und their market share rose by 0.7% to 43.9%.


In the first eight months 2018 sales of Chinese automobile manufacturers grew by 0.6% compared to the same period of the preceding year to 6.4m motor vehicles. Their market share dropped slightly by 0.8% to 42.3%.

China is selling more than half the global production of electrical vehicles

At China's leading manufacturer of electric cars, BYD, in southern Shenzhen, an electric car rolls off the assembly line every 90 seconds, reports the South China Morning Post.


Sales of Chinese electric cars in China reached over 770,000 units in 2017, more than half of all electric cars sold worldwide (source: South China Morning Post). BYD has a 15% market share of these sales with 113,700 electric cars sold.


The purchase of electric cars has been subsidized since 2009 by government bonuses, which reached 100,000 yuan in 2014 ($14,400). In the following year, sales of electric cars quadrupled.


By 2018, these state premiums has fallen to 60,000 yuan ($8,600). Thus, the price of electric cars have aligned with those of gasoline-powered cars.

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