AHN Media, quoting JD Power-Automotive Resources Asia, reports that China will soon surpass Japan to be the region’s biggest car manufacturer by 2010 when annual output is expected to reach 11 million light vehicles. For 2007, the Chinese auto market is expected to expand by 14.3 percent to 7.6 million units until it eventually reaches 11 million units by 2010. For the full story see
http://www.allheadlinenews.com/articles/7006978047
China’s exports of automotive products soared 50 percent in the first two months compared to the same period last year, according to figures from the General Administration of Customs.
In January, automotive products exports rose 43.1 percent year on year to 2.76 billion U.S. dollars, while imports surged 50.7 percent to 1.95 billion dollars.
February’s exports dipped 1.45 percent from the previous month, but were 68.8 percent higher than February last year at 2.72 billion U.S. dollars.
Meanwhile, imports declined to 1.28 billion U.S. dollars, down 10.1 percent from the previous year.
Source: Xinhua 05 April 2007
http://english.people.com.cn/200704/05/eng20070405_363976.html
Toyota will be the top-selling automaker in China by 2012, said Shen Ningwu, deputy secretary general of the China Association of Automobile Manufacturers. SAIC Motor Corp. will be the top domestic automaker, he told a crowded room of industry executives at a Deloitte seminar last week. 20 Nov 2006 www.autonews.com
A February 17, 2006 article in the New York Times by Keith Bradsher says:
“CHONGQING, China, Feb. 16 — China is pursuing a novel way to catapult its automaking into a global force: buy one of the world’s most sophisticated engine plants, take it apart, piece by piece, transport it halfway around the globe and put it back together again at home.”
This article says that a company in China is bidding to buy a sophisticated engine plant in Brazil, take it apart, and reassemble it in China. If successful, China could catch up with leading automotive competitors in South Korea, Japan, Germany and the United States in selling some of the most fuel-efficient yet comfortable cars on the market.
For the full article, visit NEW YORK TIMES ONLINE
