The Review & Outlook of China's Automotive Industry-2006
'06 Industry Review:
Total industry growth far exceeded industry experts’ forecastbeginning of the year (5.9 -6.1 mil totalindustry)
China should now rank 02 among single-country markets in the( worldJapan/China- 6 mil (-) vs. 7 mil)
Passenger car accelerating past CV industry volume
Local car companies accelerating passenger car growth
Local auto makers’ vehicle export accelerating
Used car market accelerating growth (explosive growth in 2007?)
Global auto makers accelerating components sourcing from China (example” Ford reported 2.6 billion)
Local OEM’s reaches the stage of accelerating product development and new product introduction
Rover now a history, technology and assets split between SAIC and NAW
Dailmmer- Chrysler acquiring 24% of Foton shares
'07 Expectation
Market has a long way to go, too early to declare winners and losers
Global competitive advantages emerging for certain segments of Chinese products for emerging markets
Export accelerating- Chinese OEM’s first, global OEM’s to follow (06-250,000~300,000)
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