Shanghai January 5 (Gasgoo.com) After more than 50 years of development, the Chinese automotive industry's concentration ratio has risen significantly, with the total market share of the top ten auto manufacturers reaching nearly 90%, reported Beijing Business News.
The high concentration ratio has put China's automotive industry far ahead of its steel, home appliance and other manufacturing industries.
Statistics show that auto production and sales in China were 16.4 million units and 16.40 million units in the first eleven months of last year, up 33.71% and 34.05% year on year, respectively. Both figures have far exceeded the full-year figures for 2009.
Other Chinese vehicle makers have yet to report annual sales for 2010, but motor analysts expect total production and sales are both about to hit 18 million units -both up 32 percent over last year, given that buyers were still able to enjoy the tax incentives and other preferential policies in December. China will once again beat the U.S. to become the world's largest auto market in 2011, with annual sales in excess of the highest U.S. annual car sales.
China's passenger car manufacturers are expected to have a combined annual capacity of 23.2 million units by 2012, an increase of 150% compared to 2009, according to relevant statistics.
