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according to the data from china passenger car association,from january to july 2024, global automobile sales reached 51.14 million units, a year-on-year increase of 3%, showing a gradual recovery of the market.it is worth noting that in july 2024, chinese auto companies' share of the global market reached 31%.

a detailed analysis of the sales data for the first seven months of 2024 reveals a striking phenomenon: among the top 27 brands in global sales, 11 seats are occupied by chinese brands, accounting for more than 40%.

this figure not only reflects the rise of chinese brands, but also shows that they are gaining more and more recognition globally.

in the global sales rankings, toyota, volkswagen and hyundai are firmly in the top three, while byd, as a representative of chinese brands, ranks 9th and is the only chinese brand to enter the top ten.

in addition, ten other chinese brands including geely, chery, changan, saic, great wall, faw, baic, dongfeng, gac, and ideal also ranked among the top 27, demonstrating the strong strength and competitiveness of chinese auto companies.

from a global perspective, the chinese auto market showed a strong recovery momentum in 2024, with brands such as byd, chery, geely, and changan performing particularly well. in contrast, asian groups represented by toyota and kia performed relatively weakly.

cui dongshu, secretary general of the china passenger car association, pointed out that the impact of the international chip shortage on the chinese auto market in the past two years has been relatively limited, which has instead promoted the strong performance of china's auto exports. against the backdrop of a huge gap between supply and demand in the international market, chinese autos have seized valuable market share and gained rare development opportunities.

in the highly monopolized industry of automotive chips, the tightening of the supply side has brought important opportunities to the emerging chinese automotive supply chain. in particular, driven by the rapid development of new energy vehicles, china's independent auto brands have shown strong development momentum.

at the same time, the electrification transition has also led to the gradual decline of some international automobile brands, creating conditions for the global expansion of chinese automobile brands.