Future drivers of the china automotive industry

Automotive Industry: The Key Industry Drivers. There are four key business drivers that impact the automotive industry: economic conditions, consumer preferences, government, and technological advances. Globalization is also influencing the industry to a great extent. In this article, we will discuss in detail each of these business drivers.  · In China, Beijing Auto Industry Corporation (BAIC), BYD and ZhiDou are among the major producers. BAIC's EC was China's best-selling electric car last year, which after subsidies starts at around $7,, with a range of around miles and a . China +65% 1 Overall automotive industry profit growth, - EUR billions Additional challenges and opportunities Shifting sales patterns2 +20% Exhibit 2. 9 The road to and beyond What’s driving the global automotive industry? What are the future chalel nges and opportuntiei s? Apart from sales volume growth, four.

In Europe alone, the automotive industry accounts for roughly 12 million jobs (including related jobs); in the US, more than 8 million; and in Japan, more than 5 million. 1 For all of its staying power, though, the industry has also seen constant change. The future value proposition for automotive market in China to is detailed in the research work. It also provides imperatives for gaining market share in China automobile industry. It presents detailed insights and forecasts of passenger cars, light commercial vehicles and heavy commercial vehicles. Published date: 13 January The global automotive industry is on the cusp of a monumental transformation. Besides technological trends in the area of connected car, e-mobility, and autonomous driving, we can observe significantly changing customer preferences in terms of mobility usage and buying preferences.

In the next 10 years, China's automotive market will see a boom in the third to (of online booking of cars and services +offline driving test). This chapter describes the development of the Chinese automotive industry, looking important drivers of the modernisation of China's industrial base. believe the automotive industry is likely to witness more changes in the driving capabilities — future in-vehicle technologies demand.