Chinese vehicle output continues to soar 14th April 2003

Whilst the rest of the world's automakers are warning of an imminent slowdown in global vehicle demand China has posted figures today (April 14th) that reflect a continuing period of growth.

According to the State Statistical Bureau car output surged 110 per cent in March from a year earlier.

Whilst not at the same level of growth as the previous month the figures suggest a sustained period of demand as the Bureau noted.

'Car output in March doubled for the third straight month and the full-year growth rate will approach or surpass that of last year,' it said in a statement.

China's number one automaker, the First Automotive Works, surged nearly 70 per cent year-on-year in March to 28,900, while that of Shanghai Automotive Industry Corp hit 46,500, up nearly 70 per cent from a year earlier.

The bureau says that a total of 339,000 cars were produced in the first quarter of this year, up 120 per cent from the same period of last year.

Indeed, the prosperous conditions have led major foreign firms such as General Motors and Volkswagen, who have been struggling in their domestic markets, to attempt to tap a market that has ballooned in recent years.


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