Chinese cars have surpassed popular Japanese brands.

According to Bloomberg, brands such as Toyota, Honda, Nissan, Mitsubishi and others are quickly losing their market position.

In particular, Japanese companies have suffered the largest losses in market share in China, Singapore, Thailand, Malaysia, and Indonesia from 2019 to 2024.

The main reason for this is intense competition from Chinese manufacturers, who are actively developing and offering modern technologies.

Japanese brands are slowly transitioning to electric vehicles, while Chinese companies are leaders in this field.

Although Japanese manufacturers still hold their ground in the hybrid car market in North America, their share of global car production has significantly decreased, from 20% in the late 90s to 11% today.

At the same Time, China has increased its share from 1.4% to 38.4% during this period.

Chinese companies are successfully entering new markets, particularly in Southeast Asia, the Middle East, and Africa. For example, the BYD brand quickly became the sixth largest in the Indonesian market after just a few months of presence in the country.

Chinese electric vehicles feature advanced software and 'smart' functions, making them attractive to consumers.