Automotive industry in China: How carmakers compete for first place

Electric cars in China

Auto industry in China. China has been the world’s largest automotive market for years. That is why carmakers around the world are fighting to sell their cars to Chinese consumers. However, in a market mainly dominated by Chinese brands (42%), what are the trends and growth drivers that international carmakers can follow? The automotive sector […]

Volvo China is facing challenges despite prospering in Europe

Volvo in China

Volvo in China  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 […]

Auto Sector in China – From Production to Car Ownership

Auto Sector in China

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 […]

The Automotive Industry in China

The automotive industry in China has experienced a lightning advance to become one of the five largest industries in the country. Despite the rapid growth of all sectors of China’s prosperous economy, automotive industry outperformed others during the past seven years with high annual growth rates. China may well become a prosperous market of production and a large consumer market with more than a fifth of the population and rapid growth in almost all sectors of the economy of the world. The Global Automotive Market From 2001 to 2005, China increased its share in the global auto market from 4% to 10%, to be equal to Japan’s automotive market. Given current conditions and the inertia in Japanese sales. The rapid growth produces, a greater emergence of modern and business technologies with aggressive manufacturing. In order to encourage the investment and the increasing of the ‘made in China’ vehicles, […]