China, the global leader in vehicle production, not only represents one of the fastest growing auto industries, but is also a major player when it comes to OEMs. The industry has been steadily growing and developing since 2009 when it overtook the US in terms of sales, speaking to the needs of consumers by providing strong product portfolioz, top product features, and superior brand loyalty, all at affordable prices. The Chinese auto industry has also recognized the environmental need and consumer demand for the development of hybrid and electric vehicles, which will present a host of new market opportunities and potential for rapid growth.
The passenger vehicle market in China saw $21.15 million units sold in 2015, and is projected to reach $27.8 units by 2020, with a CAGR of 5.39%
Key Vendors in the Passenger Vehicle Market in China
BAIC Group
BAIC Automotive Group Co., Ltd. (BAIC Group) has become one of the five largest automotive groups in China. With its headquarters located in Beijing and at the Turin Styling Center in Italy and production bases all over China, BAIC Group currently has around 130,000 employees. It is one of the automotive groups in China with the most comprehensive portfolio of products, covering the full range from passenger to commercial vehicles.
Changan Automotive
As one of the top four automobile groups in China and the top selling domestic Chinese automotive brand, Changan Automotive boasts an industrial history stretching back 153 years. With 32 years of experience in building and selling passenger vehicles, Changan is an early leader in the Chinese auto industry.
Dongfeng Motor
Dongfeng Motor Corporation (its predecessor, the Second Automotive Works) was established in 1969 and it is one of the largest mainstay SEOs in the PRC. DFM has a wide coverage of business scope, engaged in the manufacture, sales and R&D of whole serial commercial vehicles, passenger vehicles, auto parts and components, vehicle manufacturing equipment and auto related business.
FAW
FAW Group is a global leader in the vehicle manufacturing industry with a 60-year history of innovation. Founded in 1953, FAW employs 120,000 people around the world and sells products in over 70 countries. FAW is a diversified maker of quality light, medium, and heavy-duty trucks, automobiles, municipal buses and luxury tourist coaches, custom bus chassis, and mini-vehicles with total sales in excess of 18 million vehicles worldwide.
Geely
Founded in 1986, Zhejiang Geely Holding Group (here in after referred to as “Geely”) began to specialize in the automobile industry in1997. Geely quickly focused on the industry, technological innovation, and personnel training over the past years. With total assets of more than RMB 100 billion, Geely is one of the China’s top500 companies for ten consecutive years, ranks in the top 10 automobile manufacturers for eight consecutive years.
SAIC Motor
SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China’s A-share market. SAIC Motor’s business covers the research, production and vehicle sales of both passenger cars and commercial vehicles. It also covers components including engines, gearboxes, powertrains, chassis, interior and exterior and miscellaneous electronic components, and logistics, vehicle telematics, second-hand vehicle transactions and auto finance services.
Other Prominent Vendors
Brilliance Auto
Brilliance China is one of the leading automotive manufacturers in China through its subsidiaries, associated companies and joint ventures in the PRC. Its commercial vehicle brands include “JinBei” and “Granse” minibuses as well as “Huasong” premium MPVs. In 2003, the Group established a joint venture with BMW, namely BMW Brilliance Automotive Ltd., to produce BMW 3-series and 5-series sedans in China.
BYD Auto
Founded in 1995, BYD is a listed company on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange. The company is principally engaged in the IT industry, mainly related to rechargeable battery business, handset and computer components and assembly services, as well as automobile business including traditional fuel-powered vehicles and new energy vehicles.
Chery
Founded in 1997, Chery Automobile Co., Ltd. is one of the most representative independent automakers that has grown through independent innovation after China’s reform. Over the past 16 years since its founding, Chery has adhered to independent innovation, gradually establishing a complete technical and product R & D system, building a series of domestically renowned brands such as Fulwin, QQ, Eastar, Tiggo and Arrizo, and exporting products to over 80 countries and regions, thus enjoying global fame.
GAC
Guangzhou Automobile Group Motor CO., LTD (“GAC MOTOR”) is the implementing carrier of the OBM Project of the GAC Group. GAC MOTOR firmly commits itself to the development, manufacturing and sales of world-class quality vehicles, engines, components, auto accessories of its own brand, as well as to the research and development of automotive engineering technologies.
GM China
General Motors Co., one of the world’s largest automakers, traces its roots back to 1908. The General Motors-China relationship dates back more than nine decades. GM China’s vision is together with its partners to be the best automotive group in China. Products are sold under the Buick, Cadillac, Chevrolet, Baojun, Wuling and Jiefang nameplates. In 2015, GM and its joint ventures delivered a record 3,612,635 vehicles in China, which was up 5.2 percent from the previous high in 2014.
Great Wall
Great Wall Motor Company Limited is China’s largest SUV and pickup manufacturer. Now Great Wall Motors owns two brands–Haval and Great Wall which covers three categories: SUV, passenger car and pickup. With over 30 holding subsidiaries, more than 60,000 employees, four vehicle manufacturing bases, Great Wall has developed the independent matching capacity of core parts such as engine and transmission.
