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Chinese car brands expand market share in Singapore to 18.2% from 5.9%

Chinese car brands have significantly increased their market share in Singapore, with 18.2% of new car registrations in 2024 compared to just 5.9% in 2023, according to The Straits Times. This growth, driven by the rising popularity of electric vehicles (EVs) and hybrids, resulted in 7,850 new Chinese-brand cars registered, up from 1,781 the previous year. In contrast, market shares for Japanese and German automakers declined, with Japanese brands dropping from 43.1% to 35.6% and German brands from 32.4% to 28.2%. Experts suggest this shift is largely due to the growing demand for EVs in the mass-market segment, positioning Chinese car brands for continued expansion.

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