China auto market more competitive


BEIJING global manufacturers gathered in Beijing on Monday to show their products as the increasingly competitive tension and sales growth slowed largest car market in the world's major SUV and the new energy automotive industry is focusing attention.

Total vehicle sales in China rose to 24.6 million units last year, making it the market important for foreign car makers and domestic brand but the number was an increase of only 4.7 percent down from 6.9 percent in 2014. According to data from industry group Association of Automobile Manufacturers, China (CAAM).

John Lawler, president, CEO of Ford China, told reporters: sales are slow. He said: 'The market really is acting increasingly mature markets rather than emerging markets strong.

He said: 'It's part of the atmosphere that is much more competitive.

Audi is a German car manufacturer located a better foothold in China and was long seen as a name a car that customers want but are also under pressure.

Joachim Wedler director of Audi China, said: Sure, our competitors are trying to grab a share our market and competition with some success. He said: 'This is the business we have to struggle and fight.

He said: 'The [car] even worse. It is clear.

Growth in gross domestic product (GDP) of China fell to 6.9 percent last year, the lowest rate most of this country in 25 years, and concerns over its outlook affecting stock markets around the world.

But sales of SUVs and electric cars and hybrid cars (hybrid) rose stronger than other types of vehicles.

CAAM figures showed that sales of SUVs were up 52.4 percent in 2015, while imports of electric cars and hybrid The two types are called 'new energy vehicles has increased more than 4 times.

China auto market more competitive China auto market more competitive Reviewed by Unknown on 10:35:00 PM Rating: 5

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