Automobile

Overview of China’s Automobile Industry

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

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

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

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

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

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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Automobile

List of Famous Automotive Wiring Harness Manufacturers

Foreign brands Yazaki-Japan Annual production value: USD 11.72 billion Supporting customers: Audi, Ford, General, Toyota, Honda, Nissan, Suzuki, Tianjin FAW Toyota, FAW Xiali, Beijing Hyundai, Beijing Jeep, etc. Website: http://www.yazaki-group.com SUMITOMO LECTRIC-Japan Annual production value: USD 9.661billion Supporting customers: Land Rover, Benz, BMW, General, Ford, Volkswagen, Toyota, Nissan, Honda Mitsubishi, Suzuki, Mazda, etc. Website: http://www.sei.co.jp Delphi-the U.S. Annual production value: USD 5.508 billion Supporting customers: General, Fiat, Volkswagen, Hyundai, Great Wall, Benz, BMW, etc. Website: http://www.delphi.com LEONI-Germany Annual production value: USD 3.025 billion Supporting customers: Audi/Volkswagen, Aston Martin, Bentley, BMW,…

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Automobile

Analysis on Top 100 Global Automotive Parts Suppliers by Group

Japanese, German and American enterprises are strong in manufacturing whole vehicles, which can be verified by their powerful parts suppliers. By analyzing the location of headquarters of large parts suppliers, it is found that most of the Top 100 suppliers are Japanese enterprises, amounting to 28 (29 in 2013 and 2014, 30 in 2015 and 2016). the U.S. follows, which owns 22 suppliers (25 in 2013 and 2015, 23 in 2014). There are 16 German enterprises (21 in 2013, 19 in 2014 and 18 in 2015 and 2016). Apart from…

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Automobile

Analysis on Global Top 20 Tire Enterprises, 2017

Most of the global Top 20 tire enterprises achieved poor sales performance in 2016 compared to that in 2015 except Continental. On the whole, the total sales value of tire business of the 20 tire enterprises in 2016 was EUR 2.7 billion lower than that of 2015, which amounted to the annual sales value of Cooper. This indicates that the tire enterprises failed to achieve the growth of sales value by raising prices and it also manifests that the market demand is shrinking. Tire enterprises will be under greater pressure…

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Automobile

Analysis on Trend of China Tire Industry, 2017

According to statistics of World Automobile Association, at the end of 2016, automobile reserve volume was 1.12 billion, and production volume in 2015 was 90.68 million, up by 3.63% YOY. Global automobile production volume has kept a compound growth rate of 3.5% since 1997. In 2016, domestic automobile market also thrived in both productions and sales: annual sales volume of passenger vehicles was 24.38 million, hitting a record high, up by 16% YOY; sales volume of heavy truck even reached 32%, a historical high growth rate since 2011. At the…

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