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The Rise of the Chinese OEMs
John Hutchings
2026-01-05
The Rise of Chinese OEMs
China is the largest automotive market in the world. With over 23 million vehicles registered in
2024, it alone accounts for approximately 30% of global annual registrations. Until 2022, the
Chinese market was predominantly led by foreign OEMs, making it a critical volume hub for
foreign automotive brands such as Volkswagen, Toyota, and Honda.