From 2020–2023, 500k+ yuan vehicles’ sales volume stabilized at 850k–890k units, accounting for 4.2%–4.6% market share. 2024 saw a plunge to 677k units due to economic headwinds and consumer retrenchment. Despite China’s 2025 macro targets supporting high-end demand, recovery momentum…
Previously dominated by Mercedes-Benz, BMW, and Audi, the 300k+ yuan passenger vehicle segment has seen Chinese automakers collectively moving upmarket amid the explosive growth of NEVs. Mercedes-Benz, BMW, and Audi’s market share in this segment has dropped from 56.1% in…
In the current market dominated by new energy vehicles, Porsche’s retail volume in China has declined YoY for two consecutive years, with a further drop of 32% in 2024. In the Chinese market in 2024, Porsche SUV retail volume declined…