China's Automobile Exports See Record-Breaking Growth in 2024, Totaling $117.3 Billion

BEIJING, CHINA - December 31, 2024 - In a significant milestone for the nation's automotive industry, the country's exports of complete vehicles totaled approximately 6.407 million units in 2024, representing a year-on-year growth rate of 22.7% and reaching $117.3 billion, an increase of 15.5% compared to 2023.

Regarding new energy vehicle (NEV) exports, the figure surpassed 12.84 million units in 2024, with a year-over-year expansion rate of 6.7%.

The Top 10 Exporting Car Brands and Factories in China

Ranking

Brand

Sales Volume (Units)

第一名 奇瑞汽车 114.40万辆 第二名 上汽集团 92.90万辆 第三名 长安汽车 53.60万辆 第四名 吉利汽车 53.20万辆 第五名 长城汽车 45.30万辆 第六名 比亚迪 43.30万辆 第七名 北汽集团 27.40万辆 第八名 特斯拉 26万辆 第九名 江淮自動車 24.90万辆 第十名 东风集团 24.60万辆

In terms of ranking, Chery Automobile took the lead with 114.4 million units by surpassing its second-place competitor. Despite being impacted by EU tariffs, MG brand parent company SAPA Group fell to the second place but still achieved 92.9 million units in total sales for the year; plans were announced to build a factory in Europe. Ranking third through fifth are long-established Chinese manufacturers: Chery (53.6 million units), Geely (53.2 million units), and Great Wall Motors (45.3 million units). Following them in order were BYD Automotives, Tesla, Jianghuai Automobile, Guangshi Automobile, and Dongfeng Group.

2024 Exporting Car Brands Ranking

Ranking

Brand

Sales Volume Units, YOY Growth Rate (%) 100%

第一名 奇瑞汽车 881541台，23% 第二名 MG 460942台 -27.6% 第三名 比亚迪 405786台,67.2% 第四名 吉利 373742台，55% 第五名 哈弗 334553台，51% 第六名 特斯拉259558台,-24.6% 第七名 长安 235299台，28.7% 第八名 捷途 179880台 61.3 % 第九名 宝骏17147台8.1 % 第十名 起亚170033台103.5%

The ranking by individual brand shows Chery Automobile as the leading export, with an increase of 23% year-over-year to account for 88,151,400 units. In contrast, MG saw a decline in its sales by 27.6% reaching 46,094,200 units and becoming second place; meanwhile BYD Automotives saw an impressive growth rate exceeding 67%, with the brand recording 40,578,600 units.

The top ten export brands of automotive brands are generally showing accelerated sales rates - not only among local Chinese manufacturers but also by international companies. The significant rise in exports, which accounts for a major part of China's automobile industrial development, indicates an overall growth trend in the country's automobile industry.