China Continues To Be The World’s Largest Vehicle Market!
The Government of China views its automotive industry, including the auto parts sector, as one of the country’s pillar industries. China continues to be the world’s largest vehicle market with sales of over 28 million units in 2016, a year-on-year growth of 9% from 2015. The Chinese Central Government expects that China’s automobile output will reach 30 million units by 2020 and 35 million by 2025. Made in China 2025 is an initiative to upgrade the country’s industry from l
Chinese Automotive Industry, To Shape The Industry's Future!
It’s easy to become blase about China’s auto market, especially now that growth there has gone from white hot to merely off-white hot. Up 15 percent in 2016? Ho-hum. But just stop and marvel for a moment at the volume even a plateauing Chinese market represents — 24 million passenger vehicles last year, according to IHS Markit. Twenty-four million! With numbers like that, it ought to be China — not the U.S., Europe or Japan — that dictates the future of what we call global ve
Improved Automotive, technology and standards - China!
In a study done by J.D. Power’s Chinese division, recent months have shown that the Chinese have improved both the technology behind their cars as well as the engineering. Improvements have been made to raise their domestically produced automobiles to international standards primarily in the internal systems of the cars; the engine, transmission, ventilation and the heating and cooling. The study looked at 213 car models sold by 65 different car brands while surveying around