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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
Automotive production in China improved in Q4 2019, increasing by 3.5% y/y to 7.6mn units. This is the first quarter that automotive output showed growth since the beginning of 2019, as market confidence recovered and automakers were again piling up ...
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As the growth of China’s GDP and car sales have slowed, the expansion of its car parts industry has decelerated too. Statistics published by Chinese research consultancy Qianzhan Intelligence estimate the total sales revenue of China’s ...
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The revenue of China’s automotive sector in Q3 2018 dropped by 10.3% y/y to RMB 1,895.1bn, mainly due to declined sales of automobiles. In Q3 2018, automotive sales fell by 6.5% y/y to 6.4mn units following the slowdown of the Chinese economy ...
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Asia enjoys excellent positions in the global automotive market, as it is among the world’s largest vehicle producers and consumers. Six Asian countries – China, India, South Korea, Thailand, Malaysia, and Indonesia – accounted for ...
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China’s automotive sector revenue in Q2 2018 experienced a slight drop of 0.8% y/y to RMB 2,077.8bn, mainly due to lower prices. At the beginning of 2018, the Ministry of Finance cancelled preferential policies on vehicle purchase tax and this ...
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The first quarter of 2018 started with significant trade tensions between the US and China, with president Trump increasing import tariffs for steel and aluminium from China and then asking for a USD 100bn cut in the trade surplus with China from ...
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In 2017, China’s automotive sector showed signs of entering a maturity phase. The output and sales declined in the last quarter and large deals took place towards the end of the year, showing further sector restructuring and consolidation. At ...
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The third quarter of 2017 recorded a stable growth in the sales and output of motor vehicles, a more intense competition between major players, leading to lower prices and profit declines y/y. Imports grew faster compared to exports, showing a growth ...
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The sales revenue of China’s car parts sector is estimated to have reached RMB 3,456bn in 2016 – an increase of 7.6% y/y over 2015 – according to the latest annual growth estimates by the China Association of Automobile ...
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The Chinese automotive sector’s y/y growth sped up in the second half of 2016, improving on an already strong performance in the first half of the year. Sales revenue reached RMB 8,019bn in 2016, up by 14.1% y/y, while total profit grew at a ...
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