Gasgoo.com (Shanghai August 17th)--2016 Annual Report on Chinese Automobile Industry Development released some important data anddescription, arousing some thinking on the industry.
According to data, there are a total of 14,764 auto companies in China till the end of 2015, including 547 Hongkong-Macao-Taiwan invested enterprises, 1898 foreign-invested or joint-venture companies. They produced 24.5m units’vehicles in 2015, including 21.08m units’passenger vehicles and 3.42m units’commercial vehicles.
A total of 24.6m units vehicles were sold in 2015, including 21.15m units passenger vehicles (11.72m units cars), and 3.45m units’commercial vehicles. The auto industry achieved totalmain business revenue of RMB 7315.9b in 2015, 41.66% of which were gained by foreign-invested or joint-venture companies. The total profits were RMB 294.1b in 2015, 49.23% of which were gained by domestic companies.
Chinese brand vehicles were sold 11.97m units in 2015, accounting for 48.66% of total domestic sales volume, in which domestic brand passenger vehicles, cars, SUVs, MPVs and commercial vehicles were sold 8.74m, 2.43m, 3.34m, 1.87m and 3.23m units, accountingfor 41.32%, 20.74%, 53.74%, 88.56%, and 93.7% of the total sales respectively.
Top 10 sales car brands in 2015 are all foreign brands, selling a total of 2.85m units. Top 10 sales car domestic brands in 2015 sold a total of 1.18m units, accounting for only 38.9% of top 10 foreign brands. In fact, we can conclude the fact that foreign brands are gradually seizing our auto market and Chinese brands have no strengths in competing with them.
Facing such circumstances, experts suggest that we should adjust our policies on joint-venture auto companies, focusing on developing our own brands and building a strong auto nation.
