The uptick in Chinese car sales contributed to a buoyant first quarter for the global automotive industry, with a total of 21.05 million vehicles sold worldwide, marking a year-on-year increase of 3%. Notably, this robust performance reinforces China’s status as a key player in the international automotive market. Analysis of historical trends reveals a steady ascent in Chinese car sales’ global market share. Between 2016 and 2018, Chinese car sales consistently held around 30% of the world’s car sales, before experiencing a slight dip to 29% in 2019. However, recent years have witnessed a resurgence, with the share climbing to…
