Search Results for "Chinese"

The global financial crisis temporarily disrupted growth in the business for exporting vehicles made in China. However, domestic vehicle manufacturers are once again focusing here and the business has picked up rapidly since early 2010, experiencing a 62.5% growth in the first nine months of 2010. Total export is as high as 405,200 units with even split of passenger and commercial vehicles. Such a strong rebound is largely fueled by a recovery of market demand in places such as Algeria, Vietnam, Syria, Russia, Egypt, Bangladesh, Iran, Chile, and Brazil. Moreover, improved product quality and a focused business strategy of Chinese local brands has contributed to Chinese export growth. One example is Great Wall Motor Company’s success in securing approval for sales in the European Union, which has enabled them to assemble and ship their 4 small cars to all European countries. It also has greatly enhanced the quality image and market acceptance of Chinese vehicles in other markets.