Snapshot on China´s car market (31.05.2007)

China has a serious problem reducing CO2. Chinese are obviously catching up to western lifestyle — shall we really not allow them to have big fridges, air conditioner and cars? I think that´s impossible. So here´s a current snapshot of China´s automobile situation. With a population of 1.1 million there are many more cars to be sold — hopefully soon the “China car” — as the fuell cell industry hopes that China will jump to fuell cell based cars and thus make the production of fuel cells even over here financially viable right away.

Green Car Congress: In 2006, China’s vehicle output and sales volume reached 7.28 million and 7.215 million units, respectively, up by 27.3% and 25.1% year-on-year. This made China the world’s third country to pass the 7-million unit threshold, the others being the US and Japan.

Passenger vehicle sales reached 5.176 million units, up by 30% year-on-year. Total sales included 3.829 million standard passenger vehicles (cars), up by 36.9% year-on-year; 238,000 SUVs, up by 21.2% year-on-year; and 191,000 MPVs were sold, up by 22.6% year-on-year.

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