The economy of China continued its recovery trajectory in 2024, China's GDP grew by 5.3% for the full year, slightly surpassing the 2023 growth rate. According to the China Association of Automobile Manufacturers, total vehicle production and sales in China reached 31.5 million units each, marking an increase of 4.6% and 4.7%, respectively, compared to 2023. This achievement firmly secured China's position as the world's largest automotive market for the 16th consecutive year, with 2024 marking the second consecutive peak in sales since 2014.
The passenger vehicle segment remained the backbone of China's automotive industry, accounting for approximately 87% of total vehicle sales. Passenger car sales grew by 5.2% to 27.4 million units, reflecting steady demand in the domestic market. Sedans and sports utility vehicles ("SUVs") continued to dominate the passenger vehicle market, with SUVs maintaining their popularity due to versatility and spaciousness. Compact and mid-size SUVs, in particular, saw strong demand, especially among young consumers and families. Meanwhile, sedans retained their appeal in cities due to fuel efficiency and ease of maneuverability.
二零二四年，中國經濟延續復甦態勢，全年國內生產總值(GDP)增長5.3%，略高於二零二三年的增長率。據中國汽車工業協會資料，中國汽車產銷總量均達到3,150萬輛，與二零二三年相比分別增長4.6%和4.7%。這一成績使中國連續第16年穩佔全球最大汽車市場的地位，二零二四年也是自二零一四年以來連續第二個銷售高峰。
乘用車領域依然是中國汽車產業的支柱，約佔汽車總銷量的87%。乘用車銷量增長5.2%，達到2,740萬輛，反映出國內市場需求穩定。轎車和運動型多用途汽車（「SUVs」）繼續主導乘用車市場，SUVs因用途廣泛、空間寬敞而持續受到青睞。尤其是緊湊型和中型SUVs，在年輕消費者和家庭群體中需求旺盛。與此同時，轎車因燃油效率高且操控便捷，在城市仍具吸引力。
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