As learned from 2004 China Auto Parts Executive Conference, both the production and sales volume of
China's auto industry will exceed 5 million. Specifically speaking, the production and sales volume of sedan
will approach 2.2-2.3 million and that of motorbike is expected to top 16 million. And the gross sales income
for the entire auto industry will break through one trillion Yuan.¡¡¡¡
China First Automobile Corporation (Group), Shanghai Automotive Industry Corporation (Group) and Dongfeng
Automobile still maintain the leading position and rapid growth. From January to October this year, the
production and sales volume of the three groups accounted for 47 percent of that in China's auto industry. And
from January to August, the production and sales volume of the three groups yielded 34 percent of that in the
auto industry, taking up 66 percent of that of China's 15 key automobile producers.
China First Automobile Corporation (Group) has put forward the sales target of one million this year. And
Dongfeng Automobile, on the basis of an overall cooperation with Japan, spent no time in issuing its stocks in
HongKong market with an aim to achieve a leap-over development.
Shanghai Automotive Industry Corporation (Group) sticks to the principle of "merging into and cooperation with
the world to achieve common benefit". Meanwhile, the group also puts together superior resources
international and domestic, and heightens its comprehensive competitiveness. In terms of the manufacture
and development of autos and other accessories, the group seeks cooperation with well-known auto
producers in eleven countries and regions including Germany, the US, Japan, Sweden as well as Italy etc. to
co-found 60 auto enterprises and successfully merged South Korea'sSsangYong Motor Company.
Through the construction of the three large auto bases in Chongqing, Nanjing and Hebei, Chang'an Group
has preliminary formed the strategic disposition for China's auto market. Firmly seizing the opportunity, Beiqi
Futon Holding Company made good use of two cooperation partners' global brands, technologies and
manufacturing resources. The company on the one hand imports international brands such as Benz, Sonata
and Elantra and on the other actively develops new products, thereby achieving rapid growth both in production
and sales. Particularly, the Foton light track has maintained its first for years on end in terms of production and
sales in China's light truck market.
- Source from People's Daily (Dec 7, 2004) -
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