China Automotive Outlook, 2025

Xiaomi and Other Cross-industry Stakeholders will Further Intensify the Competition in the EV Segment

This report 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 electric vehicle (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 original equipment manufacturers (OEMs) have all strengthened sales. However, global geopolitical issues disrupt business activities, affecting the economy and consumer sensitivity, resulting in relative uncertainty and spending conservation in 2025.

In this report, the publisher provides the total size of the Chinese automotive industry and historical and forecast data from 2019 to 2025. It also offers the following:

• Highlights of the Chinese automotive industry in 2024 and trends for 2025
• Analysis by segment, including the vehicle and powertrain subsegments
• Analysis of the rise of Chinese domestic brands

The report examines the factors driving and restraining this industry and identifies the growth opportunities emerging from changes in this space for stakeholders and market players to leverage.