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According to data, there are a total of 14,764 auto companiesin 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.
Aug. 20 , 2016Gasgoo.com (Shanghai) - With over half of the year already past, the question arises, which automotive manufacturer has achieved the highest net profits so far? A recent report from the Nanfang Daily revealed that JVs affiliated with Ford, VW and other foreign brands have posted net profit rates far higher than those of domestic own brand manufacturers. On average, JVs earned an average of 20,000 RMB for each new vehicle sale made. However, own brands have been benefiting from increased SUV sales, which have allowed them to somewhat catch up with their JV competitors. However, this growing competition has also increased the average cost each vehicle sold in the country.
Aug. 17 , 2016The Chinese Government has released guidance on regrouping of leading state-owned automakers in the country recently, serving to improve their efficiency of resource allocation and creativity.
Aug. 16 , 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 , 2016Gasgoo.com (Shanghai) - Over 10.65 million passenger automobiles have been sold in China over the first six months of the year, as China Passenger Car Association sales statistics compiled by Gasgoo.com (Chinese) show. That figure represents year-on-year growth of 11.6%.
Aug. 4 , 2016