Gasgoo.com (Shanghai) - Ever since the rise of the Chinese automotive market, the topic of when and how domestic own brand manufacturers will be able to take on joint venture enterprises has stirred heated debate.
Aug. 11 , 2016Passenger vehicles sell a total of 1.56m units in July this year, decreasing 10% with June and increasing 29.1% with the same period of last year. Wuling Hongguang ranks first with a sales volume of 42,178 units in July, increasing 32.6%. Baojun 730, ranking 13th, has a decreasing sales volume of 18,238 units, declining 20.6% with the same period of last year. Baojun 560 fell to 16th with a sales volume of 15,607 units.
Aug. 11 , 2016here has been structural overcapacity in the automobile industry in China, according to Chinese authorities. In 2015, production capacity of 37 leading automakers, of which production has accounted for 99% of the Chinese market, is expected to be 31.22 million units, including 25.75 million units of passenger vehicles, of which the utilization rate is 81%, and 5.47 million units of commercial vehicles, of which the utilization rate is only 52%.
Aug. 9 , 2016