China Passenger Car Association: The cumulative share of Chinese car companies in the world has reached 32%

Cui Dongshu, secretary-general of the China Passenger Car Association, said in a WeChat official account today that the world’s car sales in July 2023 reached 7.15 million units, a year-on-year increase of 6. %, which was still slightly lower than 2% in July 2018. World car sales from January to July 2023 reached 49.6 million units, a year-on-year increase of 10%. Due to the improvement in the supply of chips, the operation of the world’s auto industry improved significantly, leading to an improvement in the sales of international auto companies. In 2023, the cumulative share of Chinese car companies in the world reached 32%. From a global perspective, China’s auto market recovered slowly in July, accounting for 33% of the world’s auto market. Chinese auto companies such as BYD and SAIC Motor showed the most prominent recovery effects, and Asian groups represented by Toyota and Suzuki-Kia also improved their performance.