This analysis examines the automotive industry in China, with a focus on passenger vehicles (PVs). The segments covered include vans, sports utility vehicles (SUVs), multipurpose vehicles (MPVs), and cross vehicles. The study also assesses China’s EV sector, including the charging and battery-swapping infrastructure.

China’s automotive industry continues to grow, expanding from 26.1 million units in 2023 to 27.6 million units in 2024. A GDP growth of 5% year-on-year (YoY) in 2024, the Chinese government’s subsidies to scrap old vehicles and buy new ones, and the rise of Chinese domestic OEMs have all strengthened sales.

• What are the transformative megatrends and significant growth avenues redefining the future of the Chinese automotive space?
• How are major vehicle and powertrain subsegments in the Chinese automotive industry poised for growth?
• What impact will the rise of Chinese domestic brands have on the future growth potential of the Chinese automotive landscape?