China’s vehicle exports rose 29.7% in 2012 from a year earlier to 1.06 million units, according to the China Association of Automobile Manufacturers, as the nation’s car manufacturers look to expand outside of the tough domestic market. Passenger cars accounted for almost half of total vehicle exports, followed by trucks.
Amongst the biggest exporters were Chery Automobile Co Ltd and Zhejiang Geely Holding Group, both of which exported over 100,000 units last year. Geely’s exports surged 164% from a year earlier, mainly to emerging markets such as Russia, Ukraine and Iraq, where it operates both complete and semi-knockdown kit plants.
Guangzhou Automobile Group Co (GAC) is also looking overseas for growth. As well as entering developing markets with affordable, gasoline-powered cars, the company also plans to enter more developed markets with new-energy vehicles as early as 2015.
According to the General Administration of Customs, revenue from vehicle exports had already reached $67.82 billion by the beginning of December.
Published 23rd January, 2013
Looking for more information about OATS products and services?
additives Africa And finally Asia Australia automotive industry Aviation base oil bio fuels bio lubes BMW BP Brazil Castrol Chevron China China and finally China Internet Marketing China Lubes Marketing China lubes news China Lubes Tech China OEM Equipment CNOOC CNPC CO2 emissions ConocoPhillips Corporate News e-commerce electric vehicles Environment and Regulatory watch Environment, regulatory and standards Europe ExxonMobil Ford Forecasts Fuchs GM Great Wall India innovation Inovation and environment Internet marketing Japan Lubes marketing Lubes news Lubes tech Lubricants marine Middle East Mobile technology motorsport N America Nissan North America OATS OEM and automotive OEM Equipment PetroChina Russia S America Scandinavia Shell Sinopec social media Total Toyota View from the Bridge Volkswagen Volvo