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CN the Most Competitive Car Mkt Globally w/ Intensifying Sales Polarization, Says Changan Automobile
During the MWC25 Shanghai, Zhang Xiaoyu, Executive Vice President of Changan Automobile (000625.SZ), noted that Chinese brands are demonstrating unprecedentedly strong momentum, wi...
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CN the Most Competitive Car Mkt Globally w/ Intensifying Sales Polarization, Says Changan Automobile
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During the MWC25 Shanghai, Zhang Xiaoyu, Executive Vice President of Changan Automobile (000625.SZ)  0.000 (0.000%)   , noted that Chinese brands are demonstrating unprecedentedly strong momentum, with which they can lead the world in terms of design, new energy, and intelligence even when competing against international brands. Statistically speaking, the top 20 global automotive brands accounted for over 80% of sales, and Chinese brands made up 21.5%.

The Chinese car market is also the world's most competitive market, with players including traditional independent brands, traditional joint venture brands, new forces, and ICT companies, Zhang added. However, with the polarization of sales in the Chinese car market intensifying, the Matthew effect is becoming prominent. The top 30 brands accounted for as much as 86%, while 117 brands made up only 14%.
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