This report includes profiles of the major domestic and foreign manufacturers operating in China’s market for automobiles including sedan cars, hatchback cars, minivans, SUVs & taxis, commercial vehicles (trucks and buses), motorcycles and auto parts, accessories & tires.
Along with the growth in China’s economy, the government has radically reformed the country’s infrastructure, and transport has been a key part of this reform. Not only are more new roads being built, but new city and town development is now designed much more with the needs of a travelling public in mind. This travelling public is increasingly aspiring to own a car. Although public transport has improved greatly in recent years, rising average consumer incomes have meant that Chinese consumers have started to set their aspirations much higher, and are not only wishing to buy cars, but are increasingly able to afford to buy. The industry has helped by focusing attention on manufacturing more cars aimed at the mass market – with the encouragement of the government. The race between manufacturers to come up with the family car of the future is now on. Despite rising incomes, buying a car is still expensive in China. Not only are ticket prices for cars higher than equivalents in the West, but taxes are also high. Add to this the fact that few households have parking facilities, and the situation becomes even more difficult for many households to buy a car.