Home > News > Product News > China's global auto dream
Sport Product
Contact us
Jane
Tel:+86 13714507157
QQ:779144199

Bill:
QQ:1254792402

Maggie:
QQ:862595905

Shirley:
QQ:2234505663

Irene:
QQ:1439334916

Shenzhen Tiglon Technology Limited
Add:7F,Building C, Dongcai Runfeng Industrial Zone, Gushu, Xixiang Town, Bao'an District, Shenzhen, China. 
Contact Now
Contact us
Jane
Tel:+86 13714507157
QQ:779144199

Bill:
QQ:1254792402

Maggie:
QQ:862595905

Shirley:
QQ:2234505663

Irene:
QQ:1439334916

Shenzhen Tiglon Technology Limited
Add:7F,Building C, Dongcai Runfeng Industrial Zone, Gushu, Xixiang Town, Bao'an District, Shenzhen, China. Contact Now

News

China's global auto dream

  • Author:Abby
  • Source:www.tigloncn.com
  • Release on :2015-07-11

A quarter of a Century ago, China set out to create a modern car industry, almost from scratch. It seemed a daunting prospect.

But now the global financial crisis has catapulted China into poll position as the world’s largest car market, and the financial strength of China’s carmakers has made them bidders of last resort for some of the western world’s favourite distressed car assets.Is China’s car industry at a turning point, poised to launch out on the great global venture Beijing has always dreamt of

We must have been pleased to see that yesterday China’s biggest carmaker, SAIC, gained control of Shanghai GM, its car-making joint venture with General Motors - and one of GM’s most attractive businesses.GM insisted that the deal, which gives SAIC 51 per cent of Shanghai GM, was worth it, since it paved the way for a potentially profitable joint venture between Detroit and Shanghai to sell low-cost vehicles to emerging markets starting with India.With a new $650m joint venture in India, this would give SAIC-GM joint ventures in all the important Asian markets bar Japan (where foreign carmakers do not normally get much of a look in).