Chinese carmaker bound to exponential growth

Signed Sunday, March 28, the acquisition of the Swedish Volvo Geely symbolized by the rise of Chinese auto. The former paradise of bicycles became the first country in automobile, with 105 factories. The breakthrough has been conducted since 2001 - the date of the entry of China into the WTO - by the state conglomerates, grouped around giants (SAIC, FAW, Dongfeng), and foreign manufacturers, with Volkswagen and GM in mind. The late 1990s marked the arrival of new actors: Geely, Chery, Great Wall, Tengzhong ... Very offensive in Africa and former Eastern European countries, these companies try to enter the West via the recovery of jewels such as Opel and Hummer. In vain until Sunday. Geely is the first to succeed. N. S.

Reason No. 1: Irrevocable Nobody could imagine such a rapid boom. Last year, China became the biggest car market in the world, with 13.5 million cars sold (46% compared to 2008). It's not over. More than half of Chinese buyers acquire a car for the first time. Sales should grow by 1 million vehicles per year.

Reason No. 2: Unbeatable First place in China was facilitated by the collapse of the U.S. market. Sales exceeded 15 million vehicles in the years 2005-2007, they have plunged to 10.4 million last year (- 21% compared to 2008). The United States has the largest number of cars per capita: 813 per 1 000.

Reason No. 3: Inevitable Except Renault manufacturers all plant their flag in China, amount of joint ventures with local firms. Most recently, BMW will open a factory in late April in the north. For Peugeot Citroën, which has opened a second site in Wuhan, China is the second country in terms of sales. It is 350 000 sales this year.


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