--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Chinese Women
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Carmakers Head for Shanghai Expo

Top world automakers will showcase new models in China's commercial center of Shanghai this week in hopes of reviving languishing domestic sales.

 

General Motors Corp., Ford Motor Co. and other major industry players will be showing dozens of vehicles at trade show Auto Shanghai 2005, part of Shanghai's push to establish itself as a hub for the world's auto industry.

 

New models on display will include concept cars such as GM's hydrogen fuel cell powered Sequel, unveiled earlier this year. Visitors will also get a chance to see luxury sports models from Jaguar, Lamborghini and Porsche, according to show organizers.

 

China's auto market has grown at a torrid pace in recent years as families with growing incomes shift from bicycles and scooters to their first sedans.

 

But sales have slowed in recent months amid intensifying competition in China's auto market.

 

Chinese automakers sold 574,300 passenger vehicles in the first quarter of this year, down 7.69 percent from the same period a year ago, according to the China Association of Automobile Manufacturers.

 

March saw a slight uptick, with passenger vehicle sales rising 2.48 percent in the month to 256,000, but demand has clearly hit a plateau. Vehicle sales are forecast to rise about 10 percent this year, compared with 75 percent growth in passenger car sales in 2003 and 15 percent last year.

 

Meanwhile, Chinese passenger carmakers saw their profits plunge by 78.4 percent in the first two months of 2005, amid falling sticker prices and rising costs for raw materials, especially steel. Car prices dropped an average of about 12 percent last year, according to domestic media reports.

 

Still, major world automakers like GM, Volkswagen AG and Toyota Motor Corp. have announced plans for billions of dollars in new investments as they ramp up capacity in anticipation of future growth in this nation of 1.3 billion people.

 

Shanghai is home to two of the country's biggest automakers, a joint venture between State-owned Shanghai Automotive Industry Corp. (SAIC) and GM and a separate venture between SAIC and Volkswagen.

 

Volkswagen's Santana model, staple of the city's taxi fleet, once commanded the market, but GM has swiftly gained market share with its popular Buick sedans.

 

SAIC's ventures face stiff competition from other up-and-coming auto joint ventures.

 

Beijing Hyundai Motor Co., a joint venture between Beijing Automotive Industry Holding Co. and South Korea's largest carmaker, Hyundai Motor Co., dominated in the first three months of 2005 with sales of 56,100 passenger vehicles.

 

Guangzhou Honda Automobile Co., the Japanese automaker's factory in the southern city of Guangzhou, was the second best seller, with 45,000 in sales in the first quarter.

 

Shanghai General Motors Co. was close behind, with 44,500, but that was a 35 percent drop from the same period last year.

 

Staged this year for the 11th time, the Shanghai auto show opens April 22 in Shanghai's Pudong financial district. The show will feature 1,036 automakers and parts suppliers in a 1.3 million square foot exhibition center.

 

Organizers said they expect 300,000 visitors during the weeklong show, which is held every two years.

 

(Shenzhen Daily April 20, 2005)

 

First Quarter Car Sales Down 7.7 Percent
Vehicle Sales Slump Sparks Profits Crash
China to Be World's 3rd Largest Carmaker
Expert Predicts a Better Year for Carmakers
Carmakers Greet 2005 with More Price Cuts
Car Production Lower than Expected
Carmakers May Curb Expansion in China
More Companies Join Car Production
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 日本aⅴ日本高清视频影片www| 免费中日高清无专码有限公司| yy6080理aa级伦大片一级毛片| 日韩一本二本三本的区别青| 北条麻妃jul一773在线看| 2021日韩麻豆| 夜夜躁狠狠躁日日躁视频| 三个人躁我一个| 欧美XXXXXBBBB| 亚洲欧美精品一中文字幕| 色综合久久综合欧美综合网| 国产肉体xxxx裸体137大胆| 久久久久国产一区二区| 欧美色图一区二区| 免费在线观看成人| 精品视频久久久久| 国产一国产a一级毛片| 鲁一鲁一鲁一鲁一曰综合网| 国产欧美色一区二区三区| freexxxx性女hd性中国| 日韩精品一区二区三区老鸭窝| 免费国产剧情视频在线观看 | 亚洲一区精品视频在线| 欧美疯狂ⅹbbbb另类| 亚洲精品视频免费在线观看| 男人桶爽女人30分钟视频动态图| 国产叼嘿久久精品久久| 日本中文字幕在线精品| 国产精品一级毛片不收费| fabu14.xyz| 影音先锋在线免费观看| 九九99re在线视频精品免费| 欧美亚洲日本视频| 亚洲国产av美女网站| 精品1州区2区3区4区产品乱码| 四虎影视8848a四虎在线播放| 色网站在线视频| 国产一级淫片a| 色妞色视频一区二区三区四区| 国产乱人伦真实精品视频| 被强到爽的邻居人妻完整版|