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The automotive industry in mainland China has been the largest in the world measured by automobile unit production since 2008. As of 2024, mainland China is also the world's largest automobile market both in terms of sales and ownership. The Chinese automotive industry has seen significant developments and transformations over the years.
There are hundreds of automobile manufacturers operating in China, the country with the largest automotive industry in the world. It includes state-owned manufacturers, privately owned manufacturers, foreign manufacturers, and joint ventures between local and foreign manufacturers.
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Electric vehicles made in China—boosted by large government subsidies—are rapidly being adopted around the world. Over the past three years, China’s EV exports have jumped 851%, the New York ...
Automotive industry production capacity of China by province [64] Region Production share Provincial Production volume in 2023 Capacity utilization Chinese brands Foreign brands Yangtze Delta: 28.1% Anhui: 2,250,743 67.0% Chery, BYD, Changan, Sehol, JAC, Jetour: Land Rover, Jaguar Jiangsu: 1,837,252 39.3% Li Auto, BYD, Ora, Roewe, MG, Maxus ...
As China's carmakers pursued profitable growth in the West, the country took Japan’s crown as the largest automotive exporter in the world last year despite punitive trade tariffs.
Thailand aims to convert about a third of its annual production of 2.5 million vehicles into EVs by 2030 and is preparing incentives to encourage more investment and conversion into EV manufacturing.
Beijing Hyundai Motor Company (BHMC) is a 50-50 joint venture between Hyundai Motor and Beijing Automotive Holdings, which was established in 2002. It began operations in China by producing Sonata in December 2002. [6] It operates in Shunyi District, a satellite city of Beijing, producing Hyundai-branded automobiles for the Chinese market. [48]