FEATURE
CHINA RISING
2013:
THE YEAR THE DRAGON STRETCHED ITS WINGS
this year could be a landmark for China’ s automotive industry, staking its claim on a larger piece of the global pie
n early 2012, the Economist Intelligence Unit
I
( EIU) warned business leaders that Chinese car makers will take a more assertive stance, clamouring for a bigger share of the 62 million plus cars sold globally.
The year ended with China’ s vehicle exports crossing the one million cars mark for the first time, with 1,056,100 Chinese cars shipped overseas, up 29.7 per cent from 2011. Forty five per cent of the exports are passenger cars.
On average, Chinese vehicle exports have been increasing by nearly 50 per cent every year over the past decade. In 2001, China exported a measly 19,000 vehicles overseas.
The top Chinese car exporters are Chery and Geely, followed by Great Wall and SAIC.
Chery is currently China’ s top vehicle exporter. Within China’ s political pecking
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