Study: In 2020 Volkswagen, Daimler and the BMW Group exported 5.4 million vehicles to China.
The headquarters of the car manufacturer BMW in Munich.
The importance of the Chinese market for the German automotive industry has risen to a new record level. Four out of ten new cars are exported to China, reported the “Augsburger Allgemeine” on Saturday with reference to a study by the Center Automotive Research by the car expert Ferdinand Dudenhöffer.
In 2020, the German car companies Volkswagen, Daimler and the BMW Group exported 5.4 million vehicles to China.
That was 38.2 percent of the total of 14.16 million new vehicles sold worldwide. “The Chinese share of German car manufacturers has never been so high and it will continue to rise,” Dudenhöffer told the newspaper.
Accordingly, the export share rose, although the actual sales figures for German vehicles on the Chinese market fell slightly by 250,000 new vehicles. While BMW and Mercedes increased their sales, the VW group sold 383,600 fewer cars in China.
BMW increased its Chinese export share in 2020 compared to the previous year from 28.5 to 33.4 percent, Daimler from 25.3 percent to 30.6 percent and among the car brands of the Volkswagen Group, the share of the Chinese business is now 41.4 Percent, after 38.6 percent in the previous year.
VW and Audi are no longer conceivable without the China business, said Dudenhöffer. The importance of BMW is also growing. “The success and growth of the German auto industry, like economic growth in Germany, is shaped by China.”
