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Xiaomi and Other Cross-industry Stakeholders will Further Intensify the Competition in the EV Segment
09-Jul-2025
Asia Pacific
Market Outlook
PFU6-01-00-00-00
AU_2025_33642
This Frost & Sullivan 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, Frost & Sullivan 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.
Analysis Highlights
Definitions
The 2024 Chinese Automotive Market: Forecast vs. Actual
2025: Top 5 Predictions
Important Regulations and Mandates
Key OEM Activities
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8
The Impact of the Top 3 Strategic Imperatives on China’s Automotive Industry
Growth Opportunities Fuel the Growth Pipeline EngineTM
Segmentation
Macroeconomic Factors
Strategic Imperatives in Global Economy
Top 10 Growth Opportunities
Top 10 Trends for 2025
Global GDP Growth Snapshot
Trend 1: Global GDP Growth
Growth Opportunity 1: Global GDP Growth
Trend 2: Inflation and Interest Rates
Growth Opportunity 2: Inflation and Interest Rates
Trend 3: Oil Markets
Growth Opportunity 3: Oil Markets
Trend 4: Labor Market
Growth Opportunity 4: Labor Market
Trend 5: US Dollar and Gold
Growth Opportunity 5: US Dollar and Gold
Trend 6: North America
Growth Opportunity 6: North America
Trend 7: Latin America
Growth Opportunity 7: Latin America
Trend 8: Western Europe
Growth Opportunity 8: Western Europe
Trend 9: Middle East
Growth Opportunity 9: Middle East
Trend 10: Asia
Growth Opportunity 10: Asia
Top Trends that Drove the Chinese Automotive Industry in 2024
Trend 1: Government Encouragement of Replacement of Old Vehicles
Trend 2: Automotive Industry Upgrades
Trend 3: Successful Transformation of Chinese Domestic OEMs
Consumption Indicators, 2024
Key Findings, 2024
Findings by Segment, 2024
Unit Shipment Forecast
PV Sales Trends, 2019–2024
Industry Share Analysis
Sedans
SUVs
MPVs
Cross
BEVs
PHEVs
Growth Opportunity 1: Replacement of Old Vehicles and Upgrade of the Automotive Industry
Growth Opportunity 2: Electrification, Connected, and Autonomous Driving Vehicles
Growth Opportunity 3: Resource Sharing
Conclusions
Outlook
Full Names of Automotive OEMs and Stakeholders
Benefits and Impacts of Growth Opportunities
Next Steps
Legal Disclaimer
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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, Frost & Sullivan 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.
| Deliverable Type | Market Outlook |
|---|---|
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | China auto market forecast |
| Keyword 2 | Automotive industry trends |
| Keyword 3 | Chinese vehicle outlook 2025 |
| Podcast | No |
| Predecessor | MH4C-01-00-00-00 |
| WIP Number | PFU6-01-00-00-00 |
China Automotive Outlook, 2025
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