Introduction China’s automotive industry has entered a new phase where new car sales growth decelerates, while the car population expands and the average car age increases. This brings enormous opportunities for expansion of the independent aftermarket. In this article, we examine the complexity of China’s independent aftermarket including the distribution
Read MoreIntroduction China’s automotive industry has entered a new phase where new car sales growth decelerates, while the car population expands and the average car age increases. This brings enormous opportunities for expansion of the independent aftermarket. In this paper, we examine the complexity of China’s independent aftermarket including the distribution
Read MoreIntroduction China’s automotive industry has entered a new phase where new car sales growth decelerates, while the car population expands and the average car age increases. This brings enormous opportunities for expansion of the independent aftermarket. In this paper, we examine the complexity of China’s independent aftermarket including the distribution
Read MoreHUIZHOU, Guangdong – With an investment of ￥3 billion ($436 million), Dongfeng-Honda Auto Parts officially started its integration phase-two project on April 14 in the new industrial zone west of Daya Bay district, Huizhou, Guangdong Province. It is expected that the main construction work of the project will be finished
Read MoreBEIJING – The Ministry of Industry and Information Technology (MIIT), the National Development and Reform Commission (NDRC) and the Ministry of Science and Technology (MOST) jointly released China’s Auto Industry Mid- to Long-Term Development Plan on April 25. The industry had been looking forward to this document for some time
Read MoreCHANGSHA, Hunan – GAC Mitsubishi Motors Co., Ltd. (GAC-Mitsubishi) started its engine project at its engine plant in Changsha, Hunan Province on March 29. The engine project is a significant milestone in the JV’s development in localization of core parts and components production. It also indicates that the company will
Read MoreThe parts-to-whole price ratio of 100 car models was released in late April by the China Insurance Association and the China Automotive Maintenance and Repair Trade Association (CAMRA), according to a report on xinhuanet.com. The highest ratio was the Mercedes-Benz GLK, at 869.82 percent. Parts-to-whole price ratio is
Read MoreWUHAN, Hubei – China Automotive Systems Inc. (CAAS), a leading power steering components and systems supplier, approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months, according to a company news release on January 7. Chen Hanlin, chairman of
Read MoreChinese central and local governments will keep on promoting energy-saving and emissions reduction in the commercial vehicle industry in 2016 with policies focusing on emissions reduction, yellow-labeled vehicle elimination, new energy vehicles, logistics and auto parts. The State-V emissions standards kick off Beijing has led the emissions standards upgrading
Read MoreBEIJING – Total net profit of 94 domestic-listed suppliers dropped 42.11 percent to ¥12.96 billion ($2.04 billion) in the first half of 2015, due to the weak macro economy and increased material costs, according to 2015 semi-annual reports released by these suppliers as of August 31. Sales revenues
Read More