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22-06-2007
Chinese
auto vehicle brands are expected to take about
40 percent of the domestic market by 2012, according
to a report from Global Insight Inc.
"There
are a lot of opportunities for Chinese locals
in the future. There are low penetration rates
in the vehicle market and a trend to shift to
the mid-class car segment," according to
John Zeng, senior market analyst from the world's
leading automotive consulting firm.
Favorable
policies by national and local government also
help promote domestic car brands, he said, as
supply structures improve and there is easy
access to advanced technology from suppliers.
Last
year, more than 982,800 Chinese-branded models
were sold, accounting for 25.6 percent of the
total passenger car market, according to China's
Association of Automobile Manufacturers.
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