Commercial vehicle sales in China 2010-2021, by type
China as a major automotive producer
China has become one of the largest markets for automotive vehicles worldwide. Over the past 14 years, the share of China in global vehicle production experienced a nearly 1.5-fold increase, from 13 percent in 2008 to 32.5 percent in 2021. Meanwhile, vehicle sales in China went up significantly and the annual growth rate varied over the same period, reaching a peak of 32 percent in 2010, but has been experiencing a contraction from 2018 to 2020. China’s monthly trade revenue of automobiles ranged from 328 to 465 billion yuan.
Automotive industry in China
Currently, international car brands dominate China's auto market. As of 2021, passenger automobiles of Chinese brands accounted for 41.2 percent of market share in China. In the same year, approximately 930,000 cars had been imported to China, while in 2007 this number had reached 310,000 units. Within passenger car sales in China, SUV models made up the largest share in 2021 with over ten million sold cars, compared to a total of about 21.4 million passenger cars sold.