Despite its slowing growth, the automotive industry remains a major driving force in China’s economic momentum. Since 2015, China is the world’s leading car producing country with nearly 25-percent share of the total global vehicle production. The number of new drivers in the country continues to rise and currently there are approximately twice as many drivers with valid licenses than cars, which clearly indicates the market will continue to expand.
Last year, a total of 24.72 million passenger cars were sold in the country, plus 4.16 million commercial vehicles. But which automakers have the largest share of the market? In the next slides we’ll present you the largest manufacturers in China by the number of cars sold in the country last year.