TREE NEWS reports: China’s top 10 MPV manufacturers sold 528,000 vehicles in the first eight months of 2024, accounting for 79% of total MPV sales, the China Association of Automobile Manufacturers said on September 21. Great Wall Motor and Geely Auto posted growth versus a year earlier, while Chery renewed its push into the segment; the other companies saw declines.
China’s top 10 MPV makers sell 528,000 units in Jan-Aug
The concentration figure matters less than the split beneath it: growth at Great Wall and Geely alongside an overall top-ten contraction suggests share is rotating toward a few players rather than the segment expanding. Chery's renewed push adds a third challenger into a shrinking pool, which typically means pricing pressure for the incumbents posting declines. Whether that rotation continues, and whether Chery converts its push into volume, is the open question for the segment's competitive map.
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