Industry Analysis & Industry Trends
The Passenger Car Manufacturing industry in China has been experiencing rapid growth in recent years, driven by increasing demand for passenger cars in both domestic and foreign markets. Revenue for the industry is expected to reach $516.4 billion in 2014, up 10.4% from 2013, and growing at an annualized rate of 16.9% over the past five years.
With rising income levels in China, improving road conditions, and competitive prices, passenger cars are becoming more affordable for Chinese residents. A series of favorable government policies have also stimulated passenger vehicle purchases in rural and urban China. Lastly, increasing numbers of domestic passenger car manufacturers have been expanding into foreign markets, driving export demand.... purchase to read more
Industry Report - Industry Locations Chapter
The operations of the Passenger Car Manufacturing industry in China are concentrated in economically developed areas in East China, Northeast China and Middle South China. Major manufacturing areas are located in Jilin, Shanghai, Shandong, Guangdong, Hubei and Beijing, and account for about 61.1% of total revenue in 2014.
Jilin province generates about 13.6% of total industry revenue, the largest among the provinces. There are an estimated 2.7% of total industry enterprises employing 8.3% of workers in the province. As a major car manufacturing center with a long history, Jilin province has several automobile research and development centers, technology and design centers. These provide advantages for the developing Passenger Car Manufacturing industry in the region... purchase to read more