Category: Automobile

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Automobile Energy & Chemicals Industry Analysis

Global Tubeless Tire Market

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Globally, the market for Tubeless Tire is growing at a CAGR of 7.15% during the forecast period (2017-2023). The tubeless tire also known as inflated tires, does not require any inner tube inside the tire. It consists of a molded rim, through which air is inserted inside the tire to seal the projections of the wheel rim. The tradition tires had a tube inserted into the wheel, which is not sustainable for a longer time. Tubeless tires are sustainable for longer period, due to which it is safer than tube…

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Automobile Industry Analysis

Analysis of Global and Chinese Automotive Light Market Competition

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In 2016, the global automotive light market reached approximately USD 27.5 billion, increasing by 9.6% over 2015, and the number is expected to reach USD 30.2 billion in 2017, with an increase of 9.8% over 2016. The fast growth was mainly because, for one thing, LED headlights sped up entering the market, especially the Chinese market, and for another, additional functions such as ADB (Adaptive Driving Beam) and AFS (Adaptive Front-Lighting System) surged in the world. Related report: Research Report on Automobile Headlamp Industry in China, 2018-2022 Chart Revenue (USD, million)…

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Automobile

Analysis on Import and Export of Commercial Vehicles in 2017

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In 2017, China’s import volume of commercial vehicles reached 18,169 units, increasing by 26.22% YOY; the export volume was 308,778 units, with an increase of 9.99% YOY. Overall, the import volume and export volume both increased year on year. In terms of import and export structures, commercial vehicles mainly consist of trucks, passenger cars and special vehicles. Trucks and passenger cars took up a large portion in both the imports and exports, among which trucks accounted for more than 70%. Related report: Report on Commercial Vehicle Industry in China, 2018-2022 In…

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Automobile

Overview of China Automobile and Components & Parts Industry

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China’s national economy has kept steady and fast growth since 2000. From 2001 to 2007, the automobile industry was in the golden age. In 2001, the automobile production volume and sales volume reached 2.2469 million sets and 2.3585 million sets respectively in China. The production volume and sales volume of automobiles was 8.7486 million and 8.7915 million by 2007, at an annual growth rate of 25.43% and 24.52% respectively. Despite the global financial crisis since 2008, the domestic automobile industry has enjoyed a rapid growth because of the supportive government…

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Automobile

Overview of China’s Automobile Industry

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The automobile industry in China has exhibited strong growth in recent years amid China’s rapid economic growth, continuing urbanization and increasing levels of householdconsumption. According to the National Bureau of Statistics of China, in 2016, the automobilemanufacturing industry ranked third among the major industry sectors in China in terms ofrevenue generated from industrial enterprises whose principal business is automobilemanufacturing. Passenger and Commercial Vehicle Market in China Market Segmentation There is no uniform standard used to classify the segments of China’s passenger and commercial vehicle market. China’s passenger and commercial vehicle…

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Automobile

New Policy of Automobile Industry Would Be Implemented in Vietnam from Jan.1, 2018

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According to CRI’s information from the Vietnamese government, the new policy of automobile production and sales would be implemented in Vietnam from Jan. 1, 2018. The main contents include: (1) Imported cars from ASEAN are exempted from import duty, but more than 40% of auto parts should be manufactured in ASEAN. (2) The import tax of parts of passenger vehicles with less than9 seats is cut to zero, but assembly plants are in demand in Vietnam. Also, the assembly volume of passenger vehicles (with less than 9 seats and smaller…

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Automobile

Overview of China’s Automobile Market

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China is the world’s largest new automobile market as measured by the volume of new automobile retail transactions in 2016, and is the world’s second largest automobile market as measured by the volume of overall automobile retail transactions in 2016, following the United States. In 2016, the volume of new and total automobile retail transactions in China reached 23.9 million and 31.6 million, respectively. There remains significant room for growth in China’s automobile market. Despite the large volume and value of automobile retail transactions, the automobile density is still relatively…

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Automobile

New-energy Automobiles being a Development Trend- Review of Guangzhou International Auto Exhibition, 2017

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The 2017 Guangzhou International Auto Exhibition was opened in China Import & Export Commodity Trade Fair Pavilion in Guangzhou on November 17, 2017, which lasted for ten days and ended on November 26, 2017. The exhibition was exclusively open to the press on November 17 (Press Day) and exclusively open to professional audience on November 18 and 19 (Professional Audience Days). Ordinary audience and professional audience could visit the exhibition from November 20 to November 26. The entire exhibition covered an area of 220,000 square meters, with items on display…

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Automobile

Top 10 Wheel Hub Brands in China, 2017

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1. CITIC Dicastal As a globally leading aluminum alloy wheel manufacture, CITIC Dicastal is the first aluminum alloy wheel manufacturing enterprise in Mainland China which was invested by CITIC Group in 1988. 2. Wanfeng Zhejiang Wanfeng Auto Wheel Co., Ltd. was established on the 30th of September, 2001. Its business covers R&D, production and sales of automobile aluminum alloy wheels, motorcycle aluminum alloy wheels, leading the whole industry with an annual production volume of 35 million. 3. Jinfei Jinfei Holding Group Co., Ltd. was founded in 1959, holding total assets…

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Automobile

Development Index of China’s Electric Vehicles Ranks First Globally

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Statistics demonstrate that this is the first time for China to rank the first in terms of the development index of electric vehicles. China is expected to dominate the world’s market of electric vehicles in the future. Despite stricter government policies concerning new energy and fewer financial subsidies, market shares of electric vehicles and battery manufacturing will continue to grow, further presenting extended competitive advantages. In 2016, over 350 thousand plug-in hybrid electric vehicles and battery electric passenger vehicles were produced in China, accompanied by the sales growing at a…

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