As of 2009 there were 52 foreign and domestic carmakers operating in China, compared to 15 in the United States. Top car makers in 2006: 1) Shanghai GM; 2) Shanghai Volkswagen; 3) FAW Volkswagen; 4) Chery; 5) Beijing Hyundai; 6) Tianjin FAW Toyota; 7) Tianjin FAW Xiali Automobile; 8) Geely Automobile; 9) Guangzhou Honda ; 10) Dongfeng Peugeot Citreon. These top 10 automakers account for 70 percent of total sales.
Nanjing motors carAs of 2005, there were 100 car makers in China, with a manufacturing capacity of 6 million vehicles. Competition is very fierce. There is a lot of price cutting and cost cutting. Few make any profit. The situation is expected to get worse. The industry is going through a $25 billion expansion, which is expected to double capacity by 2007. Stepping up production and expanding has been made possible by tax breaks, generous loans and cheap land from the government.
As of 2005, Chinese brands held a 26 percent market share, up from 2 percent in 2000. Top five Chinese automakers in 2005: 1) FAW Group; 2) Shanghai Automotive Industries; 3) Dongfeng Motors; 4) Changan Automotive Group; and 5) Beijing Automotive Holdings. Other larger manufacturers include Guangzhou Motors, Second Auto Works.
In 2000, China had 120 auto assembly companies. Thirteen accounted for 98 percent of the country's car sales. In June of 2004 government offered incentives for these companies to combine. The government’s aim to have three of four Chinese automakers become major players in the global market. First Auto Works (FAW) and Shanghai Automotive Industrial Corporation the only two that produce more than 500,000 cars a year. Eight others produce more than 100,000 cars but 95 failed to produce more than 10,000 cars.
There is no lack of ambition in the Chinese automobile industry. The Chinese billionaire Yin Mingshan has plans to move an entire $500 automobile engine plant—jointly owned by BMW and Chrysler—plant from Brazil to China There is an industrial zone devoted to automaking west of Shanghai called “Auto City.”
In 2009 GM sold Hummer to a an investment partnership headed by an obscure Chinese machinery maker—Sichuan Tengzhong Heavy Industrial Machinery Company—for about $150 million, much lower than the $500 million originally sought.
Nanjing motors car
As of 2005, Chinese brands held a 26 percent market share, up from 2 percent in 2000. Top five Chinese automakers in 2005: 1) FAW Group; 2) Shanghai Automotive Industries; 3) Dongfeng Motors; 4) Changan Automotive Group; and 5) Beijing Automotive Holdings. Other larger manufacturers include Guangzhou Motors, Second Auto Works.
In 2000, China had 120 auto assembly companies. Thirteen accounted for 98 percent of the country's car sales. In June of 2004 government offered incentives for these companies to combine. The government’s aim to have three of four Chinese automakers become major players in the global market. First Auto Works (FAW) and Shanghai Automotive Industrial Corporation the only two that produce more than 500,000 cars a year. Eight others produce more than 100,000 cars but 95 failed to produce more than 10,000 cars.
There is no lack of ambition in the Chinese automobile industry. The Chinese billionaire Yin Mingshan has plans to move an entire $500 automobile engine plant—jointly owned by BMW and Chrysler—plant from Brazil to China There is an industrial zone devoted to automaking west of Shanghai called “Auto City.”
In 2009 GM sold Hummer to a an investment partnership headed by an obscure Chinese machinery maker—Sichuan Tengzhong Heavy Industrial Machinery Company—for about $150 million, much lower than the $500 million originally sought.
0 comments:
Post a Comment