Global Times: How full-chain innovation, new production models power the rise of Chinese car brands
In Beijing on August 30, 2026, significant data regarding China's automotive sector was disclosed. Key figures, 40.3 percent and 77.4 percent, hold particular importance in showcasing the industry's growth. The former represents the Chinese-brand passenger car market share within the domestic market in 2023, while the latter indicates this share as of July 2026. This notable increase highlights the progression and influence of Chinese automakers within the market.
