This report profiles China’s automotive industry, covering market data and trends up to August 2014. The report also highlights key leading companies including SAIC Motor Corp. Ltd., Beiqi Foton Motor Co. Ltd., Anhui Jianghuai Automobile Co. Ltd., Great Wall Motor Co. Ltd., and Changan Automobile Co. Ltd.
Sales and production of automobiles experienced double-digit growth in 2013. There were more than 100mn passenger vehicles registered in China. Industry concentration was high as the ten largest automakers dominated the industry. Sales of multipurpose vehicles and SUVs soared in 2013.
The State Council introduced new policies that favored the new energy vehicles and resulted in accelerated sales growth in the first six months of 2014. Foreign brands remained influential in China, while Chinese automakers expanded international presence via acquisitions. Chinese Internet companies are deepening their involvements in the automotive industry.
Key Points:
• Production and sales of new energy vehicles in the first six months of 2014 surpassed the 2013 figures.
• Shanghai Free Trade Zone is a new and integrated platform for local automakers to launch or expands their overseas operations.
• Internet has become a sales channel and the preferred technology for the automakers to increase sales and improve after-sales services.
Sales and production of automobiles experienced double-digit growth in 2013. There were more than 100mn passenger vehicles registered in China. Industry concentration was high as the ten largest automakers dominated the industry. Sales of multipurpose vehicles and SUVs soared in 2013.
The State Council introduced new policies that favored the new energy vehicles and resulted in accelerated sales growth in the first six months of 2014. Foreign brands remained influential in China, while Chinese automakers expanded international presence via acquisitions. Chinese Internet companies are deepening their involvements in the automotive industry.
Key Points:
• Production and sales of new energy vehicles in the first six months of 2014 surpassed the 2013 figures.
• Shanghai Free Trade Zone is a new and integrated platform for local automakers to launch or expands their overseas operations.
• Internet has become a sales channel and the preferred technology for the automakers to increase sales and improve after-sales services.
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