PERSPECTIVES ON THE EVOLUTION OF THE AUTOMOBILE ...
PERSPECTIVES ON THE EVOLUTION OF THE AUTOMOBILE ...
PERSPECTIVES ON THE EVOLUTION OF THE AUTOMOBILE ...
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Automotive Industry in China<br />
Currently, China has a fuel-efficiency standard (approved in 2005), and Chinese car<br />
makers begin to develop its own hybrid and electric vehicles.<br />
2. Current market situation<br />
During the last decade the automotive industry in China has experienced an incredible<br />
growth. Sales of passenger cars in China exploded after 2001.<br />
Figure 1. Figure Automobile production in China. Source: CDR database. Original data from<br />
China Automobile industry Association and CDR database news.<br />
This growth was driven by a nascent middle class of 100 million people with an<br />
average income of US $4,000, expanding access to credit, and price cuts.<br />
Millions<br />
Millions<br />
8<br />
7<br />
6<br />
5<br />
4<br />
3<br />
2<br />
1<br />
0<br />
Automobile production in China<br />
10<br />
9<br />
8<br />
7<br />
6<br />
5<br />
4<br />
3<br />
2<br />
1<br />
0<br />
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008<br />
Sales volume of Passenger Cars in China (1997-2007)<br />
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008<br />
Year<br />
Year<br />
Figure 2. Sources: China Automotive Industry Yearbook and InterChina Analysis. 1<br />
1 Note: 2008 estimation is based on 10% growth over 2007.<br />
Port of Barcelona Chair of Logistics 8
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