Automotive industry in China

 

The automotive industry in China has been the largest in the world measured by automobile unit production since 2008.Since 2009 annual production of automobiles in China exceeds that of the European Union or that of the United States and Japan combined.

Indigenous brands that do not cooperate with a multinational also exist but may be less popular. These include:Beijing Automotive Group, Brilliance Automotive, BYD, Dongfeng Motor, FAW Group, SAIC Motor, Chang'an (Chana), Geely, Chery, Jianghuai (JAC), Great Wall, and Guangzhou Automobile Group. While most of the cars manufactured in China are sold within China, exports reached 814,300 units in 2011.China's home market provides its automakers a solid base and Chinese economic planners hope to build globally competitive auto companies.

 

China's automobile industry had Soviet origins mainly (plants and licensed auto design were founded in 1950s with the help of USSR) and had small volume for the first 30 years of the republic, not exceeding 100-200 thousands per year. It has developed rapidly since the early 1990s. China's annual automobile production capacity first exceeded one million in 1992. By 2000, China was producing over two million vehicles. After China's entry into the World Trade Organization (WTO) in 2001, the development of the automobile market further accelerated. Between 2002 and 2007, China's national automobile market grew by an average 21 percent, or one million vehicles year-on-year. In 2006, China’s vehicle production capacity successively exceeded six, then seven million, and in 2007, China produced over eight million automobiles. In 2009, China produced 13.79 million automobiles, of which 8 million werepassenger cars and 3.41 million were commercial vehicles and surpassed the United States as the world's largest automobile producer by volume. In 2010, both sales and production topped 18 million units, with 13.76 million passenger cars delivered, in each case the largest by any nation in history. In 2014, total vehicles production in China reached 23.720 million, accounting for 26% of global automotive production.

 

The number of registered cars, buses, vans, and trucks on the road in China reached 62 million in 2009, and is expected to exceed 200 million by 2020. The consultancy McKinsey & Company estimates that China's car market will grow tenfold between 2005 and 2030.