Di Yi Cai Jing·2025-05-23 09:16Core Viewpoint - The necessity of joint venture brands in the Chinese market is being questioned as their market share continues to decline, with a significant shift towards domestic brands and new energy vehicles [1][2]. Group 1: Market Trends - Joint venture brands' market share in China dropped from over 60% in 2020 to 31.5% in 2024, and further decreased to 31.3% in the first four months of this year [1]. - The penetration rate of new energy vehicles among mainstream joint venture brands is less than 10% [1]. Group 2: Industry Insights - Despite the decline in market share, the overall volume of joint venture brands in China remains close to 10 million units annually, with leading companies like GM, Volkswagen, Mercedes-Benz, and BMW adapting their strategies to leverage China's competitive advantages [2]. - The top three brands in terms of sales in the Chinese market from November 2024 to April 2025 are BYD, Volkswagen, and Toyota, indicating that joint venture brands still hold significant positions [2]. Group 3: Upcoming Events - The "2025 China Automotive Forum" will be held from July 10 to 12 in Shanghai, focusing on themes such as sustainable development, market consumption, and global automotive technology [3].