Chinese brands cars now own 42.8% of the China domestic market, 6.5pp higher than its share in 2020

[GS Zhou]

According to the latest data from CAAM (China Association of Automobile Manufacturers), sales of the Chinese-brands cars in the China domestic market reaches 5.6 million units during Jan. to Aug. 2021, 36.7% higher than the same period 2020. Share of the Chinese brands cars in the China domestic market in 2021 (Jan to Aug) now reaches 42.8%, which is 6.5pp higher than the same period 2020.

2021年1-8月，中国品牌乘用车共销售561.2万辆，同比增长36.7%，占乘用车销售总量的42.8%，占有率比上年同期提升6.5个百分点。

The table below shows the market share split by brand origins. Data for 2020 (Jan to Aug) in blue; data for 2021 (Jan to Aug) in orange.

Source

 

[shi12jun]

In the future, the share of domestically-produced cars in China will become higher and higher.

 

[Kai Liu]

When the era of EV comes, the share will be greater than 90%, as we have today in EV shares, which means we will have at least three world-leading car companies which have annual sales of ~10 million each.

 

[Beast]

EV, a new era.