BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Friday, 31 January, 2003, 07:17 GMT
China car sales soar
Car workers in China
China's auto factories are booming
China's population remains car crazy, new figures from major manufacturers show, with sales at the country's biggest auto maker doubling between 2001 and 2002.

Shanghai Automotive Industry Corp (SAIC) said on Friday that it sold 610,000 vehicles last year, overtaking the previous holder of the top spot, First Automotive Works.

Admittedly SAIC's sales outstrip the headline figure for domestic car sales growth.

But with almost 3.25 million vehicles (1.09 million cars) sold in the massive country in 2002, 40% more than in the year before, the rate of change is blistering by any standards.

Foreign interest

Not only Chinese carmakers are getting in on the act.

Japan's auto firms are now well established with secure joint venture partners in China, as are many European and US top marques, and most are ramping up production and investment.

Ford unveiled its first Chinese-made car earlier in January,

Nissan estimates the Chinese market will reach 5 million vehicles a year by 2010, making it third in the world after the US and Japan.

The market has some distance to go before achieving those kind of numbers, despite the country's 1.2bn-strong population.

But revenues from SAIC's sales still jumped 22.4% to 120bn yuan, the first time the firm's sales have topped $10bn, a spokesman told Reuters.

See also:

22 Jan 03 | Business
17 Jan 03 | Business
11 Nov 02 | Business
25 Oct 02 | Business
14 Oct 02 | Business
16 May 02 | Business
24 Aug 01 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


 E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes