PSA increase its market
share in China
Market share of PSA in
PSA Peugeot Citroën sold 355.500 vehicles in China to the first half of the year 2014, what represents a 28 % growth of its market share in China. The builder increases his perspectives and launches the construction of the fifth factory in the country.
The beautiful adventure of PSA Peugeot Citroën in China continues. The builder so records a growth of his market share of 28 % in China on the first six months of the year, in 355.500 vehicles. The world sales will be announced next week, but it makes hardly doubt that China became the first market of the French builder.
Growth of the market
The growth of the market being "only" 12,3 %, PSA continues to gain market shares in the Middle Kingdom. On the first half of the year,it so sold 4,36 % of cars sold in the country. On the full year 2013, its market share was only 3,64 %. With its most than 350.000 sales over the first six months of the year, the group still remains however far from the leaders, General Motors having sold 1,7 million vehicles in the first half of the year (11 %) and Volkswagen 1,28 millions (18 %) over the first five months of the year.
The dynamism of PSA is however indisputable. It is even about one of the groups posting the strongest growth. The French builder is present in China through two joint ventures. The one, with the Chinese Changan, markets its premium brand DS. The production of the factory of Shenzhen began the last year. And, since the beginning of the year, the invoicings, essentially DS5 and DS5LS, sedan conceived for the Chinese market, amount to 9800 copies.