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In 2024, China's automotive industry produced approximately million passenger cars. In comparison, around **** million passenger cars were produced in Japan that year.

China leads in passenger car production volume

China did not only produce the most passenger cars in Asia in 2023, but was estimated to produce the most passenger cars globally. It is also anticipated that Chinese manufacturing companies such as BYD Auto Co. Ltd. will overtake the likes of America-based manufacturer Tesla in the electric car segment. 

Manufacturer collaborations

China has implemented a strong culture for joint ventures in the automotive industry. The leading car manufacturers worldwide, including General Motors, Nissan, and Volkswagen have joint ventures with key Chinese carmakers such as SAIC Motor Corporation Limited (informally SAIC, formerly Shanghai Automotive Industry Corporation), Chang'an Automobile, FAW Group Corporation, and Dongfeng Motor Corporation. Its joint venture policy has helped China become Asia’s main producer of automobiles, ahead of Japan and South Korea. Unlike China, these two countries have had strong domestic automotive sectors of their own for many decades and are home to some of the most valuable automobile manufacturers worldwide, such as Toyota, Honda, and Hyundai.