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A Brief Market Review of China's Automobile Manufacturers
A Brief Market Review of China's Automobile Manufacturers
A Brief Market Review of China's Automobile Manufacturers
regarding China’s auto and auto parts sector, the following is a brief report that is
hopefully useful.)
China’s automotive industry is very young and has difficulties to obtain the necessary
technologies for auto manufacturing using their own resources. The Chinese government
sets strict restrictions for foreign enterprises to invest in its automotive industry, the most
notable being a maximum 50% equity stake for auto joint ventures. By the late 1990s
many automotive giants were rushing into China, and till today, nearly all the major
players in the world’s auto market have established a presence.
Chery Automobile Co,.Ltd. was founded in 1997 in the city of Wuhu, in China’s Anhui
Province, specializing in the production and operation of automobiles and auto
components. By 2005, the total assets of Chery are RMB 11.8 billion. Chery has
employed 13,000 people. Chery has developed the production of vehicles, engines,
gearboxes and other core components.
In 2005, Chery achieved a sales volume of 189,100 cars with a total increase rate of
118%, and exported 18,000 cars overseas, ranking No.1 in the export of domestically
made cars.
Chery targets to produce more than one million cars by 2010 and enhance the export
share to 40 percent of Chery total sales volume in overseas market.
In May 2003, Chery established a joint venture in Iran to make 50,000 autos per year. By
October 2004, Chery’s factory in Iran had started manufacturing cars. In addition, the
company set up 21 dealerships in Syria, which sold 3000 Chery automobiles.
2) Geely Holding Group http://www.geely-global.com/
Geely Holding Group is a large business group mainly engaged in the production and
sales of automobile and its components.
Founded in 1986, the Group has made outstanding achievements in the aspects of
automobile, motorcycle, automobile engine, gear box, components, higher education,
manufacturing of decoration materials, tourism and real estate industry, with total assets
over RMB5 billion.
The head office of the Group is in Hangzhou, capital city of Zhejiang Province. With four
major manufacturing bases in Linhai, Ningbo, Taizhou and Shanghai, the company now
has an annual production capacity for 200,000 complete vehicles, 200,000 engines and
150,000 gear boxes. With the successive completion and operation of the new projects in
Ningbo, Taizhou and Shanghai, the complete vehicle annual production capacity of the
company will rise to 300,000, and the engine annual production capacity will also rise to
300,000. Zhejiang Geely Holding Co., Ltd. now has nearly 8000 staff.
More than 20,000 Geely cars have been exported to north Africa, the Middle East, East
Europe, central and south America, South Asia, South East Asia, etc. By the end of 2006,
Geely has established an extensive trading relationship with over 40 countries in regions
covering North Africa, the Middle East, East Europe, central and south America, South
Asia, Southeast Asia, etc. Geely had developed 26 dealers and 128 sales networks at
overseas, exporting up to 30000 units.
BYD AUTO is a subsidiary of BYD Company Ltd., which is a listed company in Hong
Kong.BYD Company Ltd. made its debut from less than 30 people in 1995 and became
the second largest rechargeable battery producer in the world in 2003.In the same year,
BYD Company Ltd. started to set foot in the automotive industry by purchasing the
Tsinchuan Automobile Company, which is the basis of BYD AUTO Company
(Ltd).Now, BYD Company Ltd. has more than 40,000 staff members all over the world
with its market value over HKD 15 Billion.
Since its establishment, BYD AUTO devoted itself to researching, developing and
manufacturing the Fuel vehicle,E-vehicle and Hybrids-vehicle.
The group was established in 2006 and has enterprises such as HF automobile factory,
Dongan engine factory, Dongan engine manufacturing company Ltd., Dongan Electro-
mechanic company, Shenzhen and Weihai subsidiaries. The group has now more than
11,000 employees and RMB11.14 billions of total assets. At present, the group has an
annual production capacity of 400,000 automobiles and 550,000 automobile engines. Up
to the end of 2005, the group has produced and sold totally more than 1.43 million of
various types automobiles of which 40,000 automobiles have been exported and 2.72
millions of engines. Up to now, the products of the group have been exported to more
than 40 countries.
Jiangxi Changhe Motors Co.,Ltd. was founded in1999, under Changhe Aircraft Industries
Group, Ltd. It’s a joint-stock corporation and has RMB 300,000,000 registered capital.
The annual production capacity is 160,000 automobile. In China, it is one of the four
largest minivan manufacturers and one of the top ten automobile manufacturers.
Baoding Xincheng Automotive Company Limited is one of the subsidiaries of Great Wall
Motor Company. The main products of the company include special cars, camping car,
light-passenger interior decorations and seats. The company owns assets of over RMB
62,000,000, with 800 employees.
Please send email to ccrv@gwauto.com for any enquiries.
7) Brilliance Auto
Brilliance Auto is a listed company in US stock market in 1992. The group has 159
subsidiary companies with 34000 employees.
http://www.brilliance-auto.com/
Other information:
Information from Transport Canada regarding the process of importation, the following
link provides all the detail and has the application forms etc. The manufacturer must
apply, so too must the commercial importer (and they should probably work together).
http://www.tc.gc.ca/roadsafety/importation/pre/menu.htm
We noticed Geely has approved in Canada in the following website, but not other
Chinese manufacturers.
http://www.tc.gc.ca/roadsafety/importation/vmrtc/menu.htm
• All-Terrain Vehicle
Restricted-use Motorcycle
The following two websites are related to the general and updated information about the
auto industry in China.
http://english.qiche.com.cn/