Experts pridict China will become world's largest vehicle maker in 2010
China will replace the United States as world's biggest auto producer by 2010, according to a senior government official's prediction.
China, the world's third largest car manufacturer behind U.S. and Japan, is narrowing the gap with first echelon with an annual growth of over 20 percent. In 2006, China's automobile consumption represented 4.3 percent of global auto consumption; however, the number becomes12.0 percent last year.
Last year, China's vehicle output reached 8.88 million units, up 22.02 percent year-on-year and total sales reached 8.79 million units, up 21.84 percent year-on-year, while world largest auto making country, the United States, sold approximately 16 million vehicles in 2007, a slight decrease from one year earlier.
"If China's growth momentum continues, it is likely to become the biggest auto producer worldwide within two years," said Xu Changming, director of Information Resources Department under the State Information Center.
Earlier in 2006, Chinese officials estimated that China would replace the United States as world's largest auto market with a total output of 15 million vehicles by 2020.Views:0
- Huainan Special Vehicles Exports 112 SPVs to West Africa 2024-06-05
- Invitation to Visit: 2025 China Commercial Vehicle Show (CCVS) 2024-04-17
- New Energy Light Trucks Become the New Track for Enterprises to Compete 2022-10-18
- GEELY Tops New Energy Commercial Vehicle Sales in June 2022-07-20
- Bangladesh: JAC T8 Made Its Debut on Dhaka Commercial Automotive Show 2022 2022-07-19
- Sales of New Energy Dump Trucks Jump 476% YoY in First Five Months 2022-07-13
- Yutong's New Energy Commercial Vehicle Base Project Kicks Off 2022-07-07
- BYD Stopped the Production of Fuel Vehicles 2022-04-07
- Wei Chai Special Vehicle Launched Its WT160 Wide-body Mining Truck 2022-02-17
- Cummins Announced It Plans to Acquire Jacobs Vehicle Systems 2022-02-14
Submit Your Requirements, We Are Always At Your Service.
- Jiefang Partners with FCTS to Develop Hydrogen-Powered Car Transport Vehicles
- Farizon Auto Sets Roadmap for Global Expansion
- JMC Assembles Kaiyun Euro 5 Models in Vietnam
- SuperPanther Teams up with DHL for Sustainable Logistics
- SuperPanther Partners with Steyr Automotive to Launch Electric Heavy-Duty Trucks
- JAC Showcases T9 EV Pickup at 2024 EVA Frankfurt Electric Vehicle Expo
- Zoomlion Reports Record Overseas Revenue Growth for H1, 2024
- Madagascar President Rajoelina Visits Foton Motor
- European Premiere for Kia PBV at IAA Hannover 2024
- SAIC Maxus RV Debuts at Düsseldorf Caravan Show in Germany
- Heavy Truck Sales Reach 59,000 Units in July in China
- Tractor Sales in H1, 2024 Reached 162,100 Units, Up 4%
- China's Truck Export Reaches 351,076 Units in H1 2024
- XCMG Dominates 2024 with Record Sales in New Energy Heavy Trucks
- Mid-Year Pickup Market Report: JAC Exports Up 13%, JMC Exceed 36,000 Units
- Truck Exports in May 2024: China Exported Close to 65,000 Trucks
- Exports of Pickups Reached 22,892 Units in May
- Exports Surge by 157%! DFAC Exports 9,628 Vehicles from January to May
- China's Heavy Truck Exports Rising 58% YOY to 276,000 Units in 2023
- China Exported 507,000 Trucks from Jan.-Sept., Up 21% YoY