Since November 2009, China is the largest auto market in the world. China’s automobile industry has been in rapid development since the early 1990s. In 2009, China produced 13.79 million units of automobile, of which 8 million units were passenger cars (sedans, sport utility vehicles (SUV), multi-purpose vehicles (MPV) and crossovers), and 3.41 million units were commercial vehicles (buses, trucks, and tractors). Of the automobiles produced, 44.3% are local brands (BYD, Lifan, Chang’an (Chana), Geely, Chery, Hafei, Jianghuai (JAC), Great Wall, Roewe, Martin Motors, etc.), the rest being produced by joint ventures with foreign car makers such as Volkswagen, General Motors, Hyundai, Nissan, Honda, Toyota etc. Most of the cars manufactured in China are sold within China, with only 369,600 cars being exported in 2009.
China’s annual automobile production capacity first exceeded one million in 1992. By 2000, China was producing over two million vehicles. After China’s entry into the World Trade Organization (WTO) in 2001, the development of the automobile market further accelerated. Between 2002 and 2007, China’s national automobile market grew by an average 21 percent, or one million vehicles year-on-year. In 2006, China’s vehicle production capacity successively exceeded six, then seven million, and in 2007, China produced over eight million automobiles. In 2009, 13.759 million motor vehicles were manufactured in China, surpassing Japan as the largest automobile maker in the world.
The number of registered cars, buses, vans, and trucks on the road in China reached 62 million in 2009, and is expected to exceed 200 million by 2020.
The consultancy McKinsey & Company estimates that China’s car market will grow tenfold between 2005 and 2030.
The main national industry group is the China Association of Automobile Manufacturers (中国汽车工业协会).

Chang’an Avenue in Beijing.

 

From Wikipedia, the free encyclopedia : Manufacture of parts and accessories for cars