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Passenger vehicle market in China - statistics & facts

As the country producing the most passenger cars in the world, the passenger car market for China is a key industry for the country. China is estimated to have produced over 21.36 million units of passenger cars in 2019, around 2.5 times more than the second-place holder Japan. The number of passenger cars in China has been growing steadily since the last decade, reaching almost 225 millions in 2019. That year, around 22 million passenger vehicles were new registered, among which a vast majority were small passenger vehicles. Traditionally, majority of the vehicles produced in China catered for domestic demand, where only almost a few percent of the cars were produced for export.

Partly related to the relatively smaller family sizes in China, the most popular type of passenger cars in China has been sedan for a long time, until recently surpassed by SUVs. As of November 2020, around 1.04 million units of sedans were sold in China, while 1.09 million units of SUVs were sold in the same month. Despite international car brands being more popular than domestic in general, Chinese brands dominated the market with over one third of the market share. However, in terms of individual brands, two Volkswagen ventures, namely FAW-Volkswagen and Shanghai Volkswagen, have been the leading passenger car manufacturers in China, with a combined sales of 3.6 million passenger vehicles in 2020.

When it comes to alternative energy vehicles, the picture is a little different due to the existence of a few major domestic electric vehicle manufacturers. The most sold alternative energy passenger vehicles was BYD, which was closely followed by SAIC-GM-Wuling, a joint venture between SAIC Motor, General Motors and Wuling. BYD led the electric vehicles sales across China, where battery electric vehicles accounted for the vast majority of the new energy passenger vehicle sales in China, and such figure is expected to grow further in the next few years.

Having the highest number of electric vehicles in use in the world, China has also made electric passenger vehicles into a major export commodity. In 2020, over 222 millions were exported from China while only 130 millions were imported to China. Meanwhile, passenger cars were imported more than exported, at a discrepancy of around 0.2 million. Generally, a large share of Chinese vehicles were exported to other parts of Asia for its relatively more competitve price range.

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Passenger vehicles in China

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Passenger vehicle market in China - statistics & facts

As the country producing the most passenger cars in the world, the passenger car market for China is a key industry for the country. China is estimated to have produced over 21.36 million units of passenger cars in 2019, around 2.5 times more than the second-place holder Japan. The number of passenger cars in China has been growing steadily since the last decade, reaching almost 225 millions in 2019. That year, around 22 million passenger vehicles were new registered, among which a vast majority were small passenger vehicles. Traditionally, majority of the vehicles produced in China catered for domestic demand, where only almost a few percent of the cars were produced for export.

Partly related to the relatively smaller family sizes in China, the most popular type of passenger cars in China has been sedan for a long time, until recently surpassed by SUVs. As of November 2020, around 1.04 million units of sedans were sold in China, while 1.09 million units of SUVs were sold in the same month. Despite international car brands being more popular than domestic in general, Chinese brands dominated the market with over one third of the market share. However, in terms of individual brands, two Volkswagen ventures, namely FAW-Volkswagen and Shanghai Volkswagen, have been the leading passenger car manufacturers in China, with a combined sales of 3.6 million passenger vehicles in 2020.

When it comes to alternative energy vehicles, the picture is a little different due to the existence of a few major domestic electric vehicle manufacturers. The most sold alternative energy passenger vehicles was BYD, which was closely followed by SAIC-GM-Wuling, a joint venture between SAIC Motor, General Motors and Wuling. BYD led the electric vehicles sales across China, where battery electric vehicles accounted for the vast majority of the new energy passenger vehicle sales in China, and such figure is expected to grow further in the next few years.

Having the highest number of electric vehicles in use in the world, China has also made electric passenger vehicles into a major export commodity. In 2020, over 222 millions were exported from China while only 130 millions were imported to China. Meanwhile, passenger cars were imported more than exported, at a discrepancy of around 0.2 million. Generally, a large share of Chinese vehicles were exported to other parts of Asia for its relatively more competitve price range.

Interesting statistics

In the following 5 chapters, you will quickly find the 23 most important statistics relating to "Passenger vehicles in China".

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