Cars

    Chinese carmakers predict sales rebound

    By Jamie Butters and Tian Ying (China Daily)
    Updated: 2011-05-13 09:46
    Large Medium Small

    Chinese carmakers predict sales rebound
    An automobile dealership in Nanjing, Jiangsu province. China's total vehicle sales stood at 1.89 million units in January and 1.83 million in March.?[Photo / China Daily]

    SHANGHAI - Auto sales in China may continue to grow slowly this year through the second quarter before rising in the second half, said Wang Dazong, president of Beijing Automotive Industry Holding Co.

    "I think it will pick up later this year and end up at about 10 percent," Wang said in an interview in New York on Wednesday. Beijing Auto is the Chinese partner of Daimler AG and Hyundai Motor Co.

    Chinese automakers are seeking to boost sales as competition rises at home, with foreign carmakers introducing local models even after the nation ended tax breaks and subsidies, which helped propel the country past the United States as the world's largest auto market.

    Related readings:
    Chinese carmakers predict sales rebound Toyota to resume production in China in June
    Chinese carmakers predict sales rebound Auto sales growth slows
    Chinese carmakers predict sales rebound China produces 6.4m autos during first four months
    Chinese carmakers predict sales rebound Auto Shanghai 2011

    Car deliveries, including multipurpose and sport-utility vehicles, to dealerships rose 2.8 percent in April from a year earlier to 1.14 million units, the China Association of Automobile Manufacturers (CAAM) said. Sales may fail to increase by a previously estimated 10 to 15 percent this year, the industry group said last month.

    "There is a limit as to how many vehicles Chinese consumers can buy in a month, and at present, the current 1.8- to 1.9-million level pretty much hit the ceiling," said George Yin, an analyst with BOC International in Beijing.

    China's total vehicle sales stood at 1.89 million units in January and 1.83 million in March, according to CAAM.

    Beijing Auto sold 1.49 million vehicles last year and aims to more than double sales to as many as 4 million by 2015.

    The company is investing 4.12 billion yuan ($634 million) to build manufacturing facilities for its own brand of cars in the Chinese capital, with construction expected to finish by the end of November, according to its website.

    The automaker is using technology from Saab Automobile AB, for which it paid about 1.4 billion Swedish krona ($221 million) in 2009, in its own-brand cars.

    First-quarter profit of Beijing Auto, which isn't publicly traded, increased 54 percent to 3.48 billion yuan, according to its website. The automaker made a profit of 11 billion yuan last year.

    Beijing Auto makes Mercedes Benz E-class and C-class sedans with Daimler, and Sonata sedans, Accent compacts and ix35 sport-utility vehicles with Hyundai Motor.

    Beiqi Foton Motor Co, Beijing Auto's commercial-vehicle unit, formed a 6.35-billion-yuan truck venture with Daimler last year. Foton also plans to work with the German automaker to target overseas sales.

    Bloomberg news

    分享按鈕
    无码国产亚洲日韩国精品视频一区二区三区 | 中文无码vs无码人妻 | 久久久久久精品无码人妻| 中文字幕亚洲色图| 波多野结衣中文字幕在线| 人妻少妇久久中文字幕一区二区 | 国产免费久久久久久无码| 亚洲AV无码成H人在线观看| 亚洲国产精品无码一线岛国| 亚洲综合av永久无码精品一区二区| 无码专区永久免费AV网站| 人妻无码一区二区不卡无码av| 国产高新无码在线观看| 狠狠躁天天躁无码中文字幕| 久久国产精品无码HDAV | 无码人妻精品一区二区三区久久 | 熟妇人妻VA精品中文字幕| 国产AV无码专区亚洲精品| 大地资源中文在线观看免费版 | 无码成人精品区在线观看| 日韩午夜福利无码专区a| 中文字幕精品一区二区精品| 免费无码av片在线观看 | 国产成人无码一二三区视频| 久久亚洲春色中文字幕久久久| 无码国模国产在线无码精品国产自在久国产 | 亚欧成人中文字幕一区| 无码日韩人妻精品久久蜜桃| 亚洲色无码播放| 无码人妻一区二区三区一| 中文字幕无码播放免费| 最近最新中文字幕完整版| 国产资源网中文最新版| 日韩人妻无码一区二区三区久久99 | 亚洲国产精品无码一线岛国| 亚洲综合无码AV一区二区| 中文字幕丰满伦子无码 | HEYZO无码综合国产精品| 国产在线无码视频一区二区三区| 国模GOGO无码人体啪啪| 国产精品无码专区|