The Automotive industry in China
The automotive industry in China has been the largest in the world measured by automobile unit production since 2008. Since 2009, annual production of automobiles in China accounted for more than 32% of worldwide vehicle production, exceeding both that of the European Union and that of the United States and Japan combined.
While most of the cars manufactured in China are sold within China, exports – accounting for 11.5% of total production – reached 3.11 million units in 2022, making the country the world’s second biggest car exporter. China’s home market provides its automakers a solid base and Chinese economic planners hope to build globally competitive auto companies that will become more and more attractive and reliable over the years.
Which country car brand is most reliable?
This will come as no surprise, but generally speaking, Japan makes the most reliable cars out of any other country. You really can’t go wrong with Toyota, Honda, Lexus or Acura, and while they’re not quite as reliable as those four, Subaru, Nissan, and Mazda are good choices for reliability as well.18 Jan 2021
Best-selling passenger cars worldwide in 2022
Toyota has the top three.
Five European automotive brands now owned by Chinese companies
Damien O’Carroll 06:59, Mar 04 2019
Do you think that, when it comes to cars, the Chinese are coming? Well, think again, because they are already here – here are five European car and car-related brands you can buy in New Zealand right now that are owned by Chinese companies.
Probably the one most people know about, Ford sold Volvo to privately held Chinese company Geely in 2010 when it was busy bailing out of all of its non-Ford brands.
Geely has been extremely careful with Volvo, keeping production open in Sweden, while also continuing with its Belgian and Malaysian (yep, since 1967, in fact!) production facilities. It has, of course, expanded production since the takeover, opening manufacturing facilities in China, India and the United States.
MG very nearly became a victim of the whole messy, drawn-out death of the UK car industry, but was “saved” by BMW when it bought the Rover Group in 1994, only to be sold on to the dodgy Phoenix Consortium in 2000.
It was saved again in 2005 by the Nanjing Automobile Group that also wanted Rover, but Ford bought the name to protect Land Rover, that it still owned at the time, but has since sold to Indian giant Tata.
After a brief and thoroughly ill-advised period where MG stood for “Modern Gentleman”, a merger with Chinese state-owned SAIC Motor saw sanity prevail and “Morris Garages” was restored.
eah, that’s right – Lotus is owned by the Chinese.
Well, to be more specific since 2017 it is 51 per cent owned by Geely, with the remaining 49 per cent owned by Etika Automotive, a Malaysian truck body and trailer builder.
This came after several years under Malaysian ownership under DRB-HICOM, by way of its Proton subsidiary. Before that it was in the hands of Italian madman Romano Artioli – who also did his best to destroy Bugatti – who had purchased it from General Motors.
Geely also owns the company’s engineering consultancy firm Lotus Engineering, which has facilities in the UK, USA, China and Malaysia.
What car company has sold the most cars in 2022?
General Motors is back on top, selling more vehicles than any other automaker in 2022 in the U.S. GM took the crown back from Toyota, which sold the most vehicles in 2021 – the first time GM didn’t lead the nation in annual auto sales since 1931. Toyota was second in sales in 2022, trailing GM by about 150,000 units.10 Jan 2023