Archive for the ‘Data’ category
GM sales surpass 240,000 units in China September
SHANGHAI – In September, General Motors and its joint ventures in China had their second-highest monthly sales ever. Domestic vehicle sales totaled 240,244 units, up 15.3 percent year-on-year and 16.7 percent month-on-month, according to a company press release. GM and its joint ventures sold a record 1,892,862 vehicles in China through September, a 6.6 percent [...]
Gap between automobile exports and imports may continue to grow
With growth in the automobile industry in China slowing down this year, the gap between vehicle exports and imports seems to be continuing to widen. According to China Association of Automobile Manufacturers (CAAM) statistics collected by chinanews.com, passenger vehicle imports in August totaled 316,177 units, 83 percent higher than last year, while exports from that [...]
Market share for high-quality trucks increasing
With varying operational requirements for heavy-duty trucks, Chinese businesses are looking to foreign manufacturers to fulfill their demands. As a result, European truck manufacturers have been witnessing significant growth in recent years. Mercedes-Benz Trucks, part of Daimler Northeast Asia Ltd, has experienced a rapid increase in sales of its imported premium trucks in China – [...]
China’s biggest auto museum opens in Beijing
The Beijing Auto Museum, located on the south fourth ring road, officially opened its doors to the public on September 23 after six months of trial operations. With an exhibition area of nearly 50,000 square meters and housing over 80 vintage cars made in China and abroad, the auto museum is China’s first government-funded public [...]
GM bets on China automarket
SHANGHAI — General Motors said Wednesday China would be the world’s fastest growing auto market over the next decade, as it unveiled its latest bid to give it a greater slice of the clean energy vehicle segment. GM executives made the forecast at the opening of a centre in Shanghai, where the company’s international operations [...]
Shanghai-GM celebrates production of its 5 millionth vehicle
Shanghai – Shanghai-GM celebrated the production of its 5 millionth vehicle, a Buick LaCrosse eAssist, on September 19. This is the shortest period of time that any Chinese automaker has reached the milestone. The GM-SAIC joint venture’s first vehicle rolled off the assembly line on December 17, 1998. Joining Shanghai-GM employees for their latest achievement [...]
Number of cars in China hits 100 million
BEIJING – The number of automobiles in China has surged to 100 million due to a rapid increase in private car ownership, according to a statement released Friday by the Ministry of Public Security. China registered 219 million motor vehicles as of the end of August, with automobiles accounting for 45.88 percent, the statement said. [...]
China automobile exports reached record high in August
Recently released August export sales statistics from the China Association of Automobile Manufacturers look very promising. According to a report by ocn.com.cn written today, there were 86,200 vehicles exported from China last month, setting a record high for August sales. The figures represented a year-on-year growth of 82.77 percent and were 17.61 percent higher than [...]
SAIC sales up 14.4 percent to 327,924 units in August
SHANGHAI – Shanghai Automotive Industrial (Group) Corp. (SAIC), China’s largest automaker by sales, reported a 327,924 units sales in August, up 14.4 percent compared with the 286,502 units sold in last August, according to a company file on September 6. SAIC grew 21.3 percent by sales on a monthly basis, and has increased 11.3 percent [...]
PRTM: Chinese suppliers gaining ground in the M&A space
SHANGHAI – According to a recently released study by global management consultancy PRTM, Bankruptcy and Consolidation in the Global Automotive Supply Industry 2011, Chinese suppliers have become increasingly important M&A players, accounting for half of the top 10 acquisitions this year. Chinese buyers executed half of the 10 largest deals in the last 12 months, and [...]
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