According to the China Association of Automobile Manufacturers, the top 10 domestic car companies in terms of sales volume in 2023 will have a total sales of 2,57150,000 units, accounting for 85% of the total sales of all car companies4%, the head effect is obvious. Among the top ten car companies, the growth rate of private car companies is larger, and the state-owned car companies have risen and fallen, and the overall situation is uneven. The top 10 rankings have also changed somewhat compared to 2022.
BYD, which we are familiar with, has sold 3.02 million cars this year, but it did not rank first. The ranking of the China Association of Automobile Manufacturers is calculated according to the sales volume of the entire group of car companies, that is, it includes not only this brand, but also other brands in the group, so the data will be different from everyone's intuitive feeling.
According to the sales data released by the China Association of Automobile Manufacturers, we will give a brief introduction to the top 10 car companies today.
SAIC will sell 502 in 202310,000 units, ranking first. SAIC has its own brands MG, Roewe, Zhiji, Feifan, etc., as well as joint ventures SAIC Volkswagen and SAIC-GM.
Among them, SAIC Volkswagen sold 12310,000 units, down 1% y/y; SAIC-GM sold 870,000 units, down 16% year-on-year1%；SAIC passenger car wholesale 9650,000 units, a year-on-year increase of 166%。Overseas market sales 12080,000 units, and sales of new energy vehicles were 11230,000 units.
FAW Group will sell about 3.44 million units in 2023, ranking second. FAW-Volkswagen, a subsidiary of FAW Group, sold 18470,000 units, a year-on-year increase of 38%；FAW Toyota sales 8020,000 units, a year-on-year increase of 03%；There are about 370,000 vehicles for Hongqi, about 240,000 vehicles for Jiefang, and about 120,000 vehicles for Besturn. Within the FAW Group, joint venture vehicles are the main force, and its own brands are weak.
BYD's sales volume in 2023 will be 30240,000 units, a year-on-year increase of 623%, becoming the global leader in new energy vehicles, and its pure electric vehicle sales have also surpassed Tesla for the first time to rank first in the world. Starting from the first new energy vehicle, by the end of 2023, BYD's new energy vehicle production and sales will exceed 6.3 million units, becoming the world's first car company to reach 6 million new energy vehicle production and sales.
At the same time, BYD also surpassed Suzuki Group to become the ninth largest car company in the world, becoming the first independent brand car company to enter the top 10 in the world.
Starting from 2023, Geely Holding will include all its brands in the total sales volume of the holding group in accordance with the internationally accepted statistical method. Geely Holding has more than 10 brands such as Geely Automobile, Volvo Cars, Lotus, Proton, Lynk & Co, and Maple Leaf. According to the combined sales statistics of various brands, Geely Holding Group will sell about 2.8 million units in 2023, ranking fourth among domestic car groups.
Changan Group has its own brands such as Changan Automobile, Changan Auchan and Changan Qiyuan, as well as joint ventures Changan Ford and Changan Mazda. Its total sales volume of each brand in 2023 will be 25530,000 units, an increase of 8 over the same period last year8%, ranking fifth.
Changan Automobile is the main car company in the state-owned automobile group. In 2023, its own brand sales will be close to 2.1 million units, accounting for 82% of the group's total sales, with the sales growth rate of its own brands exceeding 11%, while the sales of Changan Ford and Changan Mazda are on a downward trend.
GAC Group's sales in 2023 increased by 2% year-on-year9% to 25050,000 units, breaking the 2.5 million mark for the first time. GAC Toyota's sales are 9010,000 units, down 7% year-on-year3%；The annual sales of Ai'an were 480,000 units, a year-on-year increase of 77%. GAC Group's annual sales of new energy vehicles are about 550,000 units, and the penetration rate of new energy is close to 20%, which is relatively good.
Dongfeng Motor's full-year sales in 2023 will be 24210,000 units, down 17% year-on-year, down four places from last year. Dongfeng Motor has Dongfeng Honda, Dongfeng Nissan, Dongfeng Peugeot and Citroen, as well as its own Dongfeng Fengshen and Nano brands, but the performance in 2023 is not optimistic.
Chery Holding Group has a number of brands such as Chery Automobile and Jietu Automobile. Its total sales of vehicles in 2023 reached 1.88 million units, a year-on-year increase of 526%。Chery Automobile's high growth was mainly driven by exports, which exported 93 vehicles for the whole year70,000 units, a year-on-year increase of 1011%。Chery is the only domestic brand with a year-on-year weight in the domestic and foreign markets.
BAIC Group's annual vehicle sales in 2023 will be 17080,000 units, a year-on-year increase of 176%, down 2 places from 2022. BAIC Group has brands such as Beijing Hyundai, BAIC Benz, and Beiqi Foton.
Great Wall Motor's sales in 2023 will be 1.23 million units, a year-on-year increase of 1529%, the same ranking as last year. Under the general trend of declining fuel vehicle market, Great Wall Motor, which is mainly based on SUVs, has achieved growth by relying on new energy vehicles. Its sales of new energy vehicles in 2023 will be 2620,000 units, a year-on-year increase of 987%。In addition, the significant increase in exports is also a highlight of Great Wall Motors in 2023, with its annual overseas sales of 3160,000 units, a year-on-year increase of 824%。
In summary, 2023 is a milestone year in the history of China's automobile development, with annual production and sales exceeding 30 million units and automobile exports exceeding 5 million, surpassing Japan to become the world's first. All of this is due to the courage and innovation of domestic car companies, especially their own brands, and the top ten car companies have played a huge role in this process.