According to the International Organization of Motor Vehicle Manufacturers (OICA), China produced over 26 million motor vehicles in 2021, making it the world's largest car producer for the 13th consecutive year. This figure is more than double the output of the second-largest producer, Japan, which produced over 10 million motor vehicles in 2021.
China's car production industry is driven by several factors, including:
- Strong domestic demand: China has a large and growing population, and the demand for cars has been increasing rapidly in recent years.
- Government support: The Chinese government has been supportive of the car industry, providing subsidies and other incentives to encourage the development of the sector.
- Foreign investment: Many foreign car manufacturers have invested in China, taking advantage of the country's low labor costs and large domestic market.
The Chinese car industry is expected to continue to grow in the coming years. By 2025, it is projected that China will produce over 30 million motor vehicles per year.
