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Progress in China's auto market breakthrough

  • Author:VIN
  • Source:www.tigloncn.com
  • Release on :2014-11-04
       China's auto market is the world's most intense competition, the United States is twice the number of brands, models the number is three times the United States.

        Almost all large state-owned car prices are dependent on subsidies to business difficulties JV own-brand business. Chinese private car prices have been avoided joint ventures with overseas competitors, they are worse off. The third quarter is headquartered in Shenzhen, the main production of electric vehicles carmaker BYD (BYD) reported profit fell 26 percent, to 28 million yuan. Warren? Buffett (Warren Buffett) is one of the shareholders of BYD.

        BYD's electric and hybrid vehicles sales growth rate, not enough to offset a sharp decline in consumer demand for its gasoline vehicles.

        Many analysts believe that the process of consolidation in the industry, there will be dozens of car companies, dozens of cars were eliminated - as the US auto market in the 20th century experienced the situation.

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