The market share of Chinese-brand vehicles has exceeded 50% in their home market, according to the latest official data from the central government.
According to figures released by the Ministry of Industry and Information Technology (MIIT), the market share of Chinese brand passenger cars continued to rise in China last year, with cumulative sales of 11.766 million units for a year-on-year increase of 22.8%. The market share of Chinese-brand vehicles rose 5.4 percentage points to 49.9%.
Market share in monthly terms hit 50% in September 2022, while the monthly market share of Chinese brand passenger cars has since steadily risen, reaching 56.8% in December. The full year market share has increased from 41.85% in 2012 to 49.9% last year.
Chinese brands have performed especially well in the area of clean vehicles. In 2022, China sold 6.887 million new energy vehicles, for a year-on-year increase of 93.4%, and a rise in market share to 25.6%, for an increase of 12.1 percentage points from the previous year. In the clean energy vehicle segment, the market share of Chinese brands was 79.9%.
In 2022, China exported a cumulative total of 2.529 million passenger cars, a year-on-year increase of 56.7%
MIIT imputes the rising popularity of Chinese vehicles at home and abroad to domestic breakthroughs in key technologies such as mass-produced batteries and high-nickel cobalt-free batteries, as well as improvements to product quality and service.
The automobile sector accounts for 6 of the 45 advanced manufacturing clusters identified by MIIT, and 13 of 99 smart manufacturing demonstration factories.