Industry dynamics

Best-selling vehicle brands ranking in China, first half of 2024

Publishtime:1970-01-01 08:00:00 Views:28

Recently, the China Passenger Car Association (CPCA) and China Association of Automobile Manufacturers (CAAM) released China’s auto industry report cards for the first half (H1) of 2024.

In H1 2024, China’s automobile production and sales were 13.891 million and 14.047 million vehicles, up 4.9% and 6.1% year-on-year, respectively. In particular, the sales growth rate of new energy vehicles was significantly higher than that of gasoline-powered vehicles: the production and sales were 4.929 million and 4.944 million units, up 30.1% and 32% year-on-year, respectively; accounting for 35.2% of the market share.

RankingChinese BrandsSales Volume
1BYD1.607 million
2Chery1.057 million
3Geely955,000
4Changan809,000
5FAW-Volkswagen754,000
6SAIC-Volkswagen512,000
7Great Wall Motor467,400
8Tesla China426,000
9GAC-Toyota336,000
10SAIC331,500
11SAIC-GM-Wuling331,000
12Dongfeng-Nissan328,000
13Brilliance Auto316,000
14FAW-Toyota308,000
15Beijing Benz278,000
16Dongfeng-Honda236,000
17SAIC-GM225,000
18GAC-Honda207,000
19FAW Hongqi201,000
20Li Auto188,000
Top 20 best-selling Chinese brands in H1 2024 | Source: CPCA

Furthermore, the top ten Chinese automotive companies’ combined sales volume was 11.917 million vehicles, a year-on-year increase of 6.3%, accounting for 84.8% of the total automobile sales. More specifically, the top three automakers’ (BYD, Chery, and Geely) sales volume was 4.871 million vehicles, a year-on-year increase of 1.1%, accounting for 34.7% of the market share.

RankingBrandsSales Volume
1BYD1.607 million
2Volkswagen1.266 million
3Chery1.057 million
4Geely955,000
5Changan809,000
6Toyota644,700
7Great Wall Motor467,400
8Honda444,700
9Tesla426,600
10SAIC331,500
11Wuling331,300
12Nissan328,300
13BMW316,000
14Mercedes Benz278,700
15GM225,600
Top 15 best-selling brands in China in H1 2024

Breaking it down further by brand types, the sales volume of domestic Chinese brands reached 5.559 million vehicles, a year-on-year increase of 17.8%, with a market share of 56.5%. The cumulative sales volume of German brands was 1.907 million units, a year-on-year decrease of 6.2%, with a market share of 19.4%; the sales volume of Japanese brands reached 1.466 million vehicles, a year-on-year decrease of 12.4%, with a market share of 14.9%; and the sales volume of American and French brands decreased by 19.2% and 19.1%, respectively.

Source: CPCA, CAAM, DongCheDi, QQ News

Edited (2024 July 16, GMT 16:02): Corrected the ranking of FAW-Volkswagen and SAIC-Volkswagen on the “Top 20 best-selling Chinese brands in H1 2024” table: SAIC-Volkswagen is 6th and FAW-Volkswagen is 5th. Previously, SAIC-Volkswagen was 5th and FAW-Volkswagen was 6th.