Chinese automakers overtake Japanese counterparts to lead global sales for 1st time: media - Capital Business
Connect with us

Hi, what are you looking for?

(231217) -- BRUSSELS, Dec. 17, 2023 (Xinhua) -- People visit the BYD booth at the 2023 International Motor Show, officially known as the IAA MOBILITY 2023, in Munich, Germany, Sept. 8, 2023. (Xinhua/Zhang Fan)

World

Chinese automakers overtake Japanese counterparts to lead global sales for 1st time: media

The report said that total global sales by Japanese automakers fell slightly to around 25 million units in 2025, causing Japan to lose its long-held top position for the first time since 2000. Meanwhile, Chinese car manufacturers recorded nearly 27 million units in global sales last year, rising to the top spot worldwide.

TOKYO, March 23 (Xinhua) — Chinese automakers have surpassed their Japanese counterparts in global vehicle sales for the first time, marking a significant shift in the global automotive industry, according to a recent report by Nikkei.

The report said that total global sales by Japanese automakers fell slightly to around 25 million units in 2025, causing Japan to lose its long-held top position for the first time since 2000. Meanwhile, Chinese car manufacturers recorded nearly 27 million units in global sales last year, rising to the top spot worldwide.

The conclusion was based on data released by major automakers and research conducted by automotive data platform MarkLines, Nikkei said.

Among individual companies, BYD surpassed Ford to rank sixth globally in 2025, while Geely overtook Honda to secure the eighth place, the report said.

Six Chinese automakers entered the global top 20 rankings, including Chery, Changan Automobile, SAIC Motor, and Great Wall Motors, outnumbering Japan’s five.

In the electric vehicle segment, BYD also exceeded Tesla to become the world’s leading EV seller, it added.

Tang Jin, a senior researcher at Japan’s Mizuho Bank and an expert in the automotive sector, noted that China’s rise to the top is more than a simple change in rankings. It signals a restructuring of the global automotive landscape, driven by China’s strengths in advanced technology, cost efficiency, and rapid research and development.

He added that Japan needs to reassess its strategies in vehicle electrification and global market positioning in response to the evolving competition.

Visited 84 times, 1 visit(s) today

More on Capital Business

Insurance

The regulator’s Insurance Industry Report for January to September 2025 shows that the two categories combined accounted for 36 out of 57 cases, representing...

Kenya

Committee Chairperson Kimani Kuria said Rono met the suitability, capacity and integrity requirements under the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) and...

World

FEB 9 – Japanese stocks surged to a record high when markets opened on Monday morning, as Prime Minister Sanae Takaichi’s Liberal Democratic Party...

Kenya

Speaking during the World Governments Summit in Dubai, Miano said technology is no longer optional in the fast-evolving global travel industry but central to...

Kenya

The Audience Measurement and Industry Trends Report shows that the Lake region recorded a newspaper readership rate of 22 percent in the first quarter...

World

The US president announced Kevin Warsh - a conservative whom he had passed over for the post, to his regret, during his first term...

World

TOKYO, Sept. 30 (Xinhua) — Toyota Motor Corp. said Monday its global sales in August climbed 2.2 percent from a year earlier to 844,963...

Kenya

  Click here to connect with us on WhatsApp NAIROBI, Kenya, Sept 18 – Kisii County exceeded its local revenue collection target by 178...