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China is home to the world’s largest market for automobile sales. In 2019, around 25 million vehicles had been sold in China, accounting for more than a quarter of global vehicle sales. Sales of new cars in China in September 2020 grew by 12.8% compared to the same month of 2019. This is the sixth consecutive monthly…
China’s electric vehicle market in 2020 China is the largest producer and buyer of electric vehicles in the world, accounting for more than half of all-electric cars produced and sold in the world in 2018. Given the global increase in environmental awareness, many countries have shared the same growing popularity for electric vehicles. In 2019,…
As of 2019, China has the largest automotive market in the world with 28 million cars sold in 2018 alone. What are the main factors for automotive industry growth in China? Urbanization and positive wages dynamics; Increasing economic activities and frenetic lifestyle; The growing availability of high quality cars; Constant updates in automotive industry and…
In terms of car ownership, China overtook the U.S. to become the largest new car market in 2019, with 24 million cars sold in 2018, compared with about 17 million in the U.S. Chinese demand for mobility products and services has continued to rise thanks to: a growing population of urban residents who earn higher…
The automotive industry in China is going through a significant transition. To a great extent, these changes involve the transformation in the purchasing behavior of car buyers. Increasingly, educated urban elites of China are demanding more digital, savvy, and sophisticated features in today’s automobiles. Secondly, Chinese car buyers are not satisfied with the traditional car…
In China, gasoline cars account for as much as 30% of the total pollution that makes the Chinese suffocates every day. But the most polluting country in the world is also the largest automotive market on the planet. These two factors favored the emergence of a new market in the Middle Kingdom: the one of…
BMW in China- The luxury ride for people who want to stand out from the rest Bayerische Motoren Werke AG English for Bavarian Motor Works more famously known as BMW is a German automobile firm that has made its presence felt across the world and China is no exception. But, to say makers of luxury…
China is still the world’s biggest potential market for automakers. During the year of 2013, more than 22 million of new cars have been bought in China. This is roughly 25% of the total number of sales in the world. General Motors is no longer leader on the automotive market in China For the first…
China : The future is here Today, we will tackle the automobile industry in China, an economic way by setting a few trends. The Shanghai Expo Center : the big meeting It is with pleasure that automakers met themselves Sunday, April 21, 2013 in Shanghai at the Shanghai Expo Center.Since 2009, China is the first…
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