It's not a "winner takes all" game
For many of the new “internet carmaking” startups that have recently emerged onto the scene and plan to “disrupt” the industry, Geely Holding Group Chairman Li Shufu and bitauto.
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According to data from CBU Analytics, more and more models in the list of top 20 bestselling imported SUVs carry price tags of more than ¥700,000 ($107,692): seven in 2013, eight in 2014 and 10 in 2015.
According to registration data from CBU Analytics, Toyota Prado was the bestselling imported SUV in China in 2015, with end-user sales of 45,263 units.
A slower “new normal” growth pattern in recent years is a major concern for automakers and suppliers who depend on China for growth.
WOLFSBURG/BEIJING – Volkswagen AG and Anhui Jianghuai Automobile Co., Ltd. (JAC) signed a Memorandum of Understanding (MOU) in Wolfsburg on September 6 to define the next phase of negotiations between the two companies in order to achieve long-term cooperation in the joint development of new energy vehicles in China.
SUZHOU, Jiangsu – Nexteer Automotive announced on August 31 that its manufacturing facility in Suzhou has been awarded Q1 certification from Ford Motor Company, according to a PRNewswire report.
XIANGTAN, Hunan – Schaeffler will build a new production base in Xiangtan, Hunan Province to further grow output capacity in China and thus provide better service for both domestic and overseas markets, according to an announcement of the company on August 18.