By Mark Norcliffe
Researched and written via the pinnacle of the overseas division of the Society of Motor brands and investors, this in-depth document analyses the traits and customers for the automobile in China. It presents an authoritative industry evaluate and research of marketplace info, developments, economy, executive coverage, geographical components. It then appears to be like intimately on the Passenger vehicle zone, the industrial car area and the elements quarter - in every one case offering research of key gamers, their operations, industry proportion, options, most likely destiny successes and screw ups. ultimately the record assesses China's automobile from a comparative worldwide point of view.
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Extra info for China's Automotive Industry (Automotive Industry in Emerging Markets S.)
5–7 m). 4. 5 m (un- changed). Overall, the Chinese bus market grew by 7 per cent in 2005, with growth at the top end stimulated by substantial fleet orders from companies such as Beijing Bus Co and Shanghai Bashi. However, minibuses have traditionally held the largest market segment. Typically, they are simple, single-box vehicles, owned by private individuals or business groups, that are used for commercial hire. Their small (less than 1 litre) engines are often based on old Japanese technology and do not meet modern emission standards.
However, Souest is strongly backed by the provincial government and may find a new partner in DC, building minivans. TAIC, producer of the Xiali model based on old Daihatsu technology, became the first ‘victim’ of the government’s drive for industry rationalization when it was absorbed into the larger FAW/Toyota partnership. With backing from the new owners, updated versions of the Xiali have scored a surprising success and may well top the best-seller lists for 2005. It is also appropriate to include, within this category, Nanjing Auto.
Across the four market segments bus and truck sales have followed roughly similar patterns. The majority of truck production is still in the mini- and light vehicle sectors, which together accounted for 81 per cent of the market in 2005. Sales of mini-trucks have been in gradual decline, although the rate has been slower than commentators had predicted, demonstrating the continuing importance of these vehicles in more rural areas. Meanwhile, the light truck sector, which includes the 5 tonne workhorse popular with 33 1-84673-016-3_CH03_34_06/01/2006 China Chinese businesses, continues to grow and now accounts for around 60 per cent of new registrations.
China's Automotive Industry (Automotive Industry in Emerging Markets S.) by Mark Norcliffe