Gasgoo.com (Shanghai) - With another year off the calendars and in the run up to Chinese New Year, let's take a look back at some of key stories that shook the automotive industry in 2011:
No. 1: Although Chinese market finally cools down, foreign manufacturers manage to stay profitable
The Chinese market has finally seen an end to years of rapid sales growth in 2011, with the final annual growth rate finishing under five percent. That said, foreign manufacturers are still performing strongly, with Volkswagen, General Motors and Nissan all managing to maintain growth rates of just under 20 percent. Chinese manufacturers are left to bear the brunt of the slow market, with Chery, BYD and Geely all witnessing little to no growth last year.
No. 2: Japanese earthquake's drastic effect on the automobile industry in China and worldwide
This March's Tohoku earthquake in Japan has had a major effect on automobile and auto parts industries both domestically and internationally. Toyota and Honda saw their Chinese sales stolen by Western manufacturers such as GM and VW, but Nissan continued to perform strongly.
No. 3: Case of spontaneously combusting Zotye EV
Electric vehicles have been one of the highlight of the year, although not all the attention has been positive. Cases of the Chevrolet Volt's battery catching on fire have caused an international media stir. Meanwhile, April's spontaneously combusting Zotye EV taxi shook the Chinese headlines in the first half of 2011.
No. 4: Introduction of new registration plate lotteries in Beijing and Guiyang
Alarmingly rising rates of traffic consumption have been a major topic of discussion in China's large cities. Even second- and third-tier cities have started to feel the effects of the problem. The introduction of registration plate lottery systems in Beijing and Guizhou's capital of Guiyang is a controversial solution to the problem.
No. 5: Chinese manufacturers fail to save Saab from bankruptcy
With the European credit crisis becoming more and more severe, European enterprises have started to fall on times. The story of Swedish manufacturer Saab has been a classic example. Chinese manufacturers, most notably Pangda and Youngman, have been scrambling to come to Saab's aid, but all were rebuffed by former parent General Motors.
No. 6: Chinese manufacturers seeing presence increase in South America
The Chinese automobile industry is looking to expand into foreign market, with South America being a choice target. Chery, JAC and Great Wall have all made impressive strides in the continent over the year, with new production sites planned in Brazil. Several European media reports have hinted at the impending importance of Chinese manufacturers in the future, and Fiat CEO Sergio Marchionne was quoted as saying that China possessed a considerable competitive advantage in the field.
No. 7: Media exposé and ensuing controversy regarding Kumho Tire
Korean company Kumho Tire has had a lot of problems with its tires in China last year, starting with an investigatory report appearing on CCTV in March. Kumho originally denied the accusations, but several investigations later forced the manufacturer to begin making product recalls.
No. 8: Fatal accident brings attention to China's lack of standards for school buses
The lack of national standards for school buses has been an ongoing topic of concern in China. The November case of a school bus crashing in Gansu, killing 19 children and two adults, brought international attention to the issue.
No. 9: Several policy changes made regarding new energy vehicles
The Chinese government has been praised for its support of new energy vehicles in the country. Whether or not revised official policies will help stimulate growth in the still young market remains to be seen.
No. 10: Controversy regarding old repair and return policies for automobiles
Changes to the outdated repair and return policies for Chinese vehicles disappointed many consumers.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service: [email protected] Seller Service: [email protected]
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: khoahocxaydung.info.