Automobile Ownership in China Will Rise Explosively By 2020

摘要

TechNavio's analysts forecast the Passenger Vehicle market in China is expected to reach 21.2 million units by 2015. One of the key factors contributing to this market growth is the government support to the Automobile industry. The Passenger Vehicle market in China has also been witnessing rapid consolidation of Chinese vehicle manufacturers. However, rising raw material prices poses the biggest challenge in the Passenger Vehicle market in China.Key vendors dominating this market space include Dongfeng Nissan Passenger Vehicle Co., FAW Volkswagen AutomotiveCo. Ltd., Shanghai General Motors Co. Ltd., and Shanghai Volkswagen Automotive Co. Ltd.