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Yuhuan Wei Sheng Machinery Co.,Ltd.
Author:    Time:2013-03-15

Gasgoo.com (Shanghai August 15) - A total of 259,160 commercial vehicles were sold in China in July, China Automarket reported today. The number is 11.65 percent less than the amount sold in June and 1.63 percent lower than last July's sales result. 252,295 commercial vehicles were manufactured during the month, 7.4 percent lower than the previous month and 1.32 percent lower than last year.

Production and sales amounts for commercial vehicles for the first seven months of the year were 2.18 million units and 2.24 million units, respectively. The figures are 7.76 percent and 9.43 percent lower than last year.

Looking at individual segments, July production and sales figures for buses were 36,653 units and 35,525 units, respectively. They were 167,539 units and 175,368 units for trucks, and 10,741 units and 10,989 units for tractor trailers.

1.38 million automobiles were sold in China in July. A total of 10.98 million vehicles have been sold from January to July.

Yuhuan Wei Sheng Machinery Co.,Ltd.
Author:    Time:2013-03-15

Gasgoo.com (Shanghai August 15) - China imported 684,000 foreign automobiles in the first seven months of the year, Beijing Business Today report, citing statistics from China Automobile Trading. Although the figure still represents positive growth of 25.5 percent, it is still far less than the growth figures China was seeing last year. CATC anticipates final retail sales growth rates for imported vehicles this year to be around 20 percent.

Among the three segments, sales of imported minivans increased the most over the seven month period, with its year-on-year rate over 30 percent. SUVs managed to maintain growth of over 20 percent. The import market as a whole has sustained strong growth rates. In July alone, 35,000 imported sedans, 54,000 imported SUVs and 3,600 imported minivans were sold in China. Year-on-year growth figures for the three segments were 38.1 percent, 58.1 percent and 3.8 percent, respectively.

SUVs have already surpassed sedans to become the most imported vehicle type, dominating over 50 percent of the import market. Wang Cun, head of CATC's marketing and sales division, believes that a large reason that import sales are able to maintain double-digit growth figures comes from the popularity of foreign SUVs in the country.

Yuhuan Wei Sheng Machinery Co.,Ltd.
Author:    Time:2013-03-15

Changan Automobile announced its monthly production and sales performance review for July earlier this week. According to a report appearing in Caijingtoday, which cited the review, the manufacturer sold 111,100 vehicles last month, 11.98 percent more than its sales result from last July. It manufactured 121,900 vehicles over the month, representing year-on-year growth of 9.54 percent.

Despite experiencing positive sales growth last month, it is important to remember that Changan's sales fell 26.22 percent in June. Falling sales from the Changan Suzuki joint venture have been cited as a key factor behind the manufacturer's poor performance this year. The JV's sales have been in constant decline since May, with its July sales reported to be at just 7,600 units, a full 53.37 percent less than last year.

However, the Changan Ford Mazda JV has continued to perform strongly, with its reported July sales totaling 31,200 vehicles. Furthermore, Ford has announced its intent to bring over a slew of new models to China in the next two to three years, giving the JV even more growth prospects for the future.

From January to July, Changan manufactured and sold 981,300 vehicles and 992,400 vehicles, respectively. The figures represent negative year-on-year growth of 3.65 percent and 2.6 percent.

Changan's sales target for the year has been set at 1.9 million vehicles. Going into August, the manufacturer has more than 47 percent of that amount left to sell.

Yuhuan Wei Sheng Machinery Co.,Ltd.
Author:    Time:2013-03-15

Gasgoo.com (Shanghai August 17) - Despite the Chevrolet Volt not living up to its commercial expectations, GM is dedicated to the market for new energy vehicles in China, Economic Observer News reported today, citing statements made by GM China's Executive Director of Electrification Strategy Ray Bierzynski.

The Volt hybrid (pictured) received a great deal of attention at the time of its Chinese release late last year. Alongside the Nissan Leaf pure electric, the Volt was one of the most talked about new energy vehicles last year. However, due to import duties, the Volt carries a price tag of about $40,000 in China, twice the amount it costs in the US. The high price tag has severely limited its sales in the country.

In a recent interview on the topic, Mr. Bierzynski acknowledged that the Volt's performance in China has left much to be desired. However, he stated that GM was still committed to bringing over other pure electric and electric hybrid vehicles to China.

Mr. Bierzynski explained that GM's commitment to the Chinese new energy vehicle market comes from the government's plans to have five million pure electrics and hybrid vehicles on the country's roads by 2020. To this end, the government has already sped up the construction of charging stations and other necessary infrastructure. However, he was quick to point out that GM currently has no plans to manufacture the Volt in China.

Yuhuan Wei Sheng Machinery Co.,Ltd.
Author:    Time:2013-03-15
Geely Automobile's automobile exports last month exceeded 10,000 units, Caijing reported today. Officials from Geely added that the manufacturer's exports are continuing to grow rapidly. Geely is currently China's second largest exporter of automobiles.

Ukraine is among the manufacturer's largest overseas markets. Geely exported 1,500 vehicles to Ukraine last month. Its total Ukraine-bound automobile exports in 2011 and the first half of 2012 exceeded 7,500 and 5,000 units, respectively. Geely controls 7.46 percent of the country's market.

Foreign sales are taking up an increasingly important position in Geely's business agenda. According to its most recent statistics, exports accounted for over 35 percent of Geely's total July sales. Geely Holding Group Vice President and Geely International General Manager Zhang Lin announced that there is a good chance that the manufacturer's total exports this year will exceed 80,000 units, double the amount exported in 2011. The figure is 20,000 units more than the original export target Geely announced in April.

Due to increasing competition, the introduction of new policies limiting automobile sales and a relatively poor economy, it is becoming increasingly tough for own brand manufacturers to rely solely off sales in the domestic Chinese market.

"Geely has already entered a phase of rapid growth in overseas markets," Mr. Zhang said. "This is the result of years of planning," he explains. He also adds that Geely is striving to increase localization efforts abroad. In addition to its existing knockdown factories in Russia and Egypt, the manufacturer is currently building new factories in Ukraine and Belarus.