China’s automotive industry adapting to worldwide export hurdles
As the largest automotive market in the world, China leads globally in both automotive sales and production. With the domestic market becoming increasingly saturated, China is increasingly focusing on exporting automotive products overseas. According to the Nikkei Asian Review, China’s automotive industry abroad have ranked first globally for two consecutive years. The automotive export industry […]
Generation Z women transform China’s motorcycle market as two-wheeler aesthetics hits mainstream
Embracing the thrill of motor travel and motocross has evolved into a cultural phenomenon. On popular platforms such as Xiaohongshu, “motorcycle” yields over 3.93 million notes, while on Weibo, the motorcycle topic boasts 28,000 posts and 387,000 followers, securing the sixth position in the automotive category. Douyin further amplifies this trend, with motorcycle-related videos garnering […]
Inside Chinese car market: the rise of homegrown players and the impact of Covid-19
Chinese car market is one of the biggest and most developed markets in the world. In 2021, more than 26.7 million vehicles were sold in the country. China contributed to more than 32% of the world car production in 2021. Having a gross output of more than 10 trillion RMB (1.4 trillion USD) in 2021, […]
Volvo China is facing challenges despite prospering in Europe
China makes up 20% of Volvo’s global sales. Volvo’s retail sales are the highest in Europe (50%), followed by China, and the US (15%). The best-selling car line is XC-models (56%), which include SUVs cars, followed by V-models (29%), which include medium-sized and large cars, and S-models (15%), which are sedans. In 2018, Volvo broke […]
Auto Sector in China – From Production to Car Ownership
To know more about the Auto Sector in China, contact us at dx@daxueconsulting.com Auto Sector in China According to a conservative estimate, the auto sector in China will grow tenfold between 2005 and 2030, which implies that the number of cars produced in China will amount to approximately 57 million units. Until recently, Chinese car manufacturers […]