2024 China Auto Industry: Is it True that Great Wall Accounts for One Quarter of 40 Billion Profits?

Great Wall claims it occupies one quarter of the profits of the Chinese auto industry in 2024,

while BYD could claim it accounts for two-thirds,

Geely might take one-third,

and Chery accounting for half is not too far-fetched.

In 2024, the entire Chinese automotive industry is projected to profit around 400 billion CNY.

Many factors can influence these claims. As the auto market becomes more competitive, how companies report their earnings will play a crucial role in determining their actual share of the profits.

This expectation leads us to question how accurate these statements really are. Brands that are eyeing for a larger piece of the pie might enhance their competitiveness in the years ahead.

Based on recent data and market insights, the major players will likely continue their current trajectories, affecting the overall profit distribution.

Overall, while the numbers presented by Great Wall seem impressive, one must consider the competitive landscape of the automotive industry and the reliability of these self-reported figures.

Finally, it’s essential for industry observers and stakeholders to remain vigilant and question the actual performance metrics reported by all manufacturers.