Auto Shangai 2025: The context: the Chinese market and production in China continue to grow (2/2)
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Auto Shangai 2025: The context: the Chinese market and production in China continue to grow (2/2)
B. Analysis of the 1st quarter 2025
- In March 2025, China's passenger car (PC) production reached 2.574 million units and registrations 2.468 million units, representing an increase of 44% and 36% respectively compared to March 2024 (source: CAAM). In the first quarter of 2025, passenger car (PC) production reached 6.513 million units and registrations 6.419 million units, representing an increase of 16% and 12% respectively (source: CAAM).China's production and registration volume therefore remains in full growth, boosted both by the domestic market and exports (particularly to Europe and Russia).
- In this context, production of Chinese carmakers continues to increase, now approaching 70% of Chinese production and registrations. Foreign carmakers are seeing their market share shrink dramatically, with some close to disappearing completely from the Chinese market.
- For the motorisations, BEVs represented 2.023 million units produced in the first quarter of 2025, up 53.6% compared to the first quarter of 2024, and 1.928 million units registered over the same period, up 47.7%. PHEVs, for their part, represented 1.158 million units produced, up 45.3% and 1.145 million units registered, up 46.1%. The market share thus stands at 31% for BEVs in production and 30% in registrations. For PHEVs, the market share stands at 18% in production and 18% in registrations, with Chinese PHEVs exporting less than Chinese BEVs.
- The total number of PHEVs and BEVs therefore represents 49% of production and 48% of registrations, or nearly half of the total Chinese production or the Chinese market. If we take into account the fact that Chinese carmkers produce many more BEVs and PHEVs than foreign carmakers in China, the market share of BEVs and PHEVs within these carmakers is well over 50%, even approaching 60%.
- The total number of PHEVs and BEVs therefore represents 49% of production and 48% of registrations, or nearly half of the total Chinese production or the Chinese market. If we take into account the fact that Chinese carmkers produce many more BEVs and PHEVs than foreign carmakers in China, the market share of BEVs and PHEVs within these carmakers is well over 50%, even approaching 60%.
- BYD remains largely the leader among Chinese carmakers (with 986,000 vehicles produced in the first quarter of 2025 ) but also among carmakers of all nationalities on the Chinese market, up 58% compared to the first quarter of 2024. BYD is also the leader among global carmakers of BEVs (416,000 units) and PHEVs (570,000 units), ahead of Tesla (360,000 BEVs).
Auto Shangai 2025: The context: the Chinese market and production in China continue to grow (1/2)
- 詳細
Auto Shangai 2025: The context: the Chinese market and production in China continue to grow (1/2)
A. Analysis of the year 2024 and outlook for 2025
- The passenger car market reached a volume of nearly 22.9 million units in 2024, up 5.5% from 2023. NEVs (BEV+PHEV+REEV) represent 53% of the passenger car market in 2024.
- After a spectacular development, the Chinese BYD has managed to supplant the two former leaders of the Chinese market, the Volkswagen and GM groups , to become the number 1 in the market in 2024, with a 15% market share, while Volkswagen has fallen to 10% and GM to 6% (the Chinese brands Wuling and Baojun representing two-thirds of GM's 6%). The Chinese groups Chery, Geely and Changan are now in 3rd, 4th and 5th position behind BYD and Volkswagen. At the end of 2024, Chinese carmakers represented 66% of the Chinese passenger car market compared to 57% in 2023 and 45% in 2021.
- For 2025, the market and production are expected to continue to grow at a rate equivalent to 2024, although some claim that the economic climate in China is less dynamic, it is difficult to see it clearly in the figures. The growth of NEVs is also expected to continue with strong competition between Chinese carmakers to offer new models regularly and at competitive prices.
Auto Shangai 2025: Contents (with links)
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Auto Shangai 2025: Contents (with links)
q Auto Show floor plan (8 slides)
q The context and challenges of the Shanghai show
Ø The context: the Chinese market and production in China continue to grow
A. Analysis of the year 2024 and outlook for 2025
B. Analysis of the first quarter of 2025
- NEV
Ø The challenges of the Shanghai show
B. Facing Tesla, BYD is marketing 22 different models (BEV and PHEV) – Before the Shanghai Auto Show
q Focus on China-Europe interactions
q Selection of new products presented
Auto Shangai 2025: Floor plan
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Auto Shangai 2025: Floor plan
BMW to stop producing electric Minis in the UK
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BMW to stop producing electric Minis in the UK
- The carmaker BMW, owner of the British brand Mini, announced last year that the battery electric Mini produced in China would also be produced in Europe from 2026, at the Oxford site in England, for the European market, following the same strategy as Volvo with its EX30 model which is currently produced in China but will also be produced in Europe (in Ghent in Belgium) from April 2025 for the European market. This strategy makes it possible to avoid the European additional tariffs system applied to battery electric models produced in China and in certain countries to avoid the system which removes ecological bonuses on battery electric cars produced in China.
- But BMW has just announced at the start of 2025 that it is abandoning the production of the battery electric Mini in the United Kingdom and will therefore only maintain production in China.
- This decline can be explained by the anticipation of electric car sales not being as high as expected (sales stagnated in Europe in 2024), even though the figures for January/February 2025 highlight a real increase of the European BEV market (+31.4%). Another possible explanation is the high cost of industrialization in the United Kingdom since the BREXIT. Japanese company Honda closed its Swindon factory because of this.
- Note that BMW could reverse its 2025 decision if circumstances become much more favorable. In 2024, the Mini Cooper Electric was sold at 21,000 units in Europe.