In April 2022, around 210,000 commercial vehicles and 996,000 passenger cars were produced in China. During the month, the industry produced a total of 1.2 million vehicles, a decrease of 46.2 percent from the previous month and 46.1 percent year-over-year.
Initially, foreign carmakers were required to form joint ventures with Chinese car manufacturers in order to build cars in China. This policy was implemented to support building the domestic automobile industry. However, this also meant that Chinese brands were having difficulties finding market acceptance in comparison with their international rivals. Among the ten leading passenger car manufacturers in China, the majority were joint ventures. As China is one of the largest vehicle markets worldwide, with passenger car sales amounting to about 21.5 million units in 2021, competition for a share of the market is huge among both local and foreign players.
Automobile production in China from January 2021 to April 2022, by type of vehicle
(in 1,000 units)
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CAAM. (May 11, 2022). Automobile production in China from January 2021 to April 2022, by type of vehicle (in 1,000 units) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/276938/automobile-production-in-china-by-month/
CAAM. "Automobile production in China from January 2021 to April 2022, by type of vehicle (in 1,000 units)." Chart. May 11, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/276938/automobile-production-in-china-by-month/
CAAM. (2022). Automobile production in China from January 2021 to April 2022, by type of vehicle (in 1,000 units). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/276938/automobile-production-in-china-by-month/
CAAM. "Automobile Production in China from January 2021 to April 2022, by Type of Vehicle (in 1,000 Units)." Statista, Statista Inc., 11 May 2022, https://www.statista.com/statistics/276938/automobile-production-in-china-by-month/
CAAM, Automobile production in China from January 2021 to April 2022, by type of vehicle (in 1,000 units) Statista, https://www.statista.com/statistics/276938/automobile-production-in-china-by-month/ (last visited November 21, 2024)
Automobile production in China from January 2021 to April 2022, by type of vehicle (in 1,000 units) [Graph], CAAM, May 11, 2022. [Online]. Available: https://www.statista.com/statistics/276938/automobile-production-in-china-by-month/