/ Industry, News / CAAM: China should develop its brands to become an “automotive superpower”

CAAM: China should develop its brands to become an “automotive superpower”

Linked In Share
CAAM: China should develop its brands to become an

China should try to become an “automotive superpower” in order to maintain its economic growth, said the head of the country’s carmakers group, the CAAM.

This goal could be met by increasing investment in research and encouraging official use of local auto brands, Dong Yang, secretary-general of China Association of Automobile Manufacturers, said on its blog yesterday, which was cited by Bloomberg.

Chinese automakers currently spend less than 2 percent of their revenue on research and product development, which is about half the global average, Yang added. This is why the government should offer incentives to encourage research and adopt local brands for official use.

Chinese car brands are losing market share to rivals from carmakers such as General Motors, Volkswagen and Hyundai, for which China is their biggest market. Industrywide deliveries rose 4 percent in 2012, despite concerns about excess inventory, overcapacity and unhealthy price competition, Dong said.

“China should pursue a strategy of turning itself into an automotive superpower. The auto industry has become an important pillar of the Chinese economy and is crucial to maintaining stable and relatively fast growth,” Dong wrote in his blog on Sina.com.

Chinese automakers’ combined market share in China fell 1 percent in the first 11 months of last year to 41.3 percent, while German brands gained ground by 2.4 percent, according to CAAM data.

by Dan Mihalascu (my Google+) - Tuesday, January 8th, 2013 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles


Discuss: CAAM: China should develop its brands to become an “automotive superpower”

Leave a Reply


















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

US: Chrysler 200 plant rises like the Phoenix
US: Chrysler 200 plant rises like the PhoenixFiat Chrysler Automobiles suburban Detroit Sterling Heights Assembly Plant is the manufacturing facility with the tale of a ...
Porsche sees huge profit from each unit sold
Porsche sees huge profit from each unit soldYou might want to consider the honesty of Porsche executives when they say they’re dreading the company’s profit might take a ...
Porsche expects profit to match the record one in 2013
Porsche expects profit to match the record one in 2013The premium sports car maker, a division of the Volkswagen Group, said technology and model introduction costs would limit the ...
Several Porsche 918 Spyders seen testing in Italy
Several Porsche 918 Spyders seen testing in ItalySeveral units of the impressive Porsche 918 Spyder have been recently caught on camera while they were being tested in ...
Ford commemorates William Clay Ford with 20 years worth of design scholarships
Ford commemorates William Clay Ford with 20 years worth of design scholarshipsThe Ford Motor Company Fund will commemorate William Clay Ford, the last surviving grandchild of Henry Ford, who passed away this ...
[VIDEO] BMW M235i Coupe gets tested
[VIDEO] BMW M235i Coupe gets testedThe brand new BMW M235i Coupe has been recently driven by the guys at Car Throttle so if you would like to see their impressions ...
Facelifted Jaguar XJ gets spied
Facelifted Jaguar XJ gets spiedThe facelifted version of the Jaguar XJ has been recently caught on camera by our spy photographers as the model in question was ...
Japanese automakers investments in Mexico also bring the Japanese banks there
Japanese automakers investments in Mexico also bring the Japanese banks thereHonda and Nissan seem ready to make Mexico become the largest exporter of autos to the neighboring US, giving the Japanese banks ...
Relief at Red Bull after giant step in Melbourne
Relief at Red Bull after giant step in MelbourneMar.14 (GMM/Inautonews.com) '7 tenths'. That term must have been music to the ears inside the Red Bull garage late on Friday, ...
US: study made by safety group says 303 deaths linked to GM recall
US: study made by safety group says 303 deaths linked to GM recallAccording to the study published by the Center for Auto Safety watchdog group, no less than 303 deaths were recorded in relation ...
[VIDEO] Mercedes-Benz GLA and GLA45 AMG get tested by Auto Express
[VIDEO] Mercedes-Benz GLA and GLA45 AMG get tested by Auto ExpressThe brand new Mercedes-Benz GLA and the GLA45 AMG have been officially tested out by the guys at Auto Express, as some voices are ...
Porsche could stop 911 GT3 deliveries for several months
Porsche could stop 911 GT3 deliveries for several monthsPorsche is planning on stopping deliveries of the 911 GT3 for several months because the fire risk is still there and the company ...
Ferrari to open its second theme park in Spain
Ferrari to open its second theme park in SpainThe Ferrari World in the United Arab Emirates proved so successful that the Italian supercar manufacturer is now ready to open ...
UK: New MINI gets priced
UK: New MINI gets pricedThe British based automaker MINI has recently announced its price list for the new hatchback generation on its local auto ...
[VIDEO] Parked Ferrari 458 Italia gets sliced by truck
[VIDEO] Parked Ferrari 458 Italia gets sliced by truckA parked Ferrari 458 Italia, finished in bright red, has been recently sliced by a big truck in London. Usually when writing ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

porsche 918 spyders 1
Spied-Jaguar XJ Facelift 001
2015 audi tt roadster 1
Alfa Romeo 4C 2014 WTCC Safety Car 1
Isuzu D-Max Blade 1
Spy-Shots of Cars
Seat Leon sporty body kit 1
2014 corvette stingray crash 2
ferrari 458 italia 1
Mercedes-Benz A45 AMG by RevoZport and Mulgari 1
Citroen DS3 Benefit 1
Spied-Land Rover Baby Discovery RS Mule 001

More automotive from inautonews
Fiat Chrysler Automobiles suburban Detroit Sterling Heights Assembly Plant is the manufacturing facility with the tale of a legend – it went and stared the Abyss in the eyes and came back to talk about it. Today, an official ceremony will trigger the start of production for the 2015 Chrysler 200 ...
read more
Inautonews Editors Section
Test Drive: Renault Captur 0.9 – TCe 90 – fast review
Test Drive: Renault Captur 0.9 – TCe 90 – fast review After we’ve tested almost all Renault Captur models, we decided to check out the 3-cylinder engine - 898 cc 66kw (90 hp) model. Why we’ve ...
Test Drive Fiat 500L Living – Review
Test Drive Fiat 500L Living – Review Who ever thought in 2007, when Fiat unveiled the new 500 citycar that the Italian automaker will ever build a seven-seater 500 model. Clearly, ...
Test Drive Fiat 500L Trekking – Review
Test Drive Fiat 500L Trekking – Review Fiat had a great success back in the 60’s with the 500 model. It was cheap, practical and equipped with a 479 cmc petrol engine – that’s why ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety US: study made by safety group says 303 deaths linked to GM recallAccording to the study published by the Center for Auto Safety watchdog group, no less than 303 ... Porsche could stop 911 GT3 deliveries for several monthsPorsche is planning on stopping deliveries of the 911 GT3 for several months because the fire risk ...
Safety Section