Chinese car manufacturers this year will be transferred from abroad, domestic M
Last year, China's auto manufacturers courting the big move overseas expansion, expected this year on overseas acquisitions of these companies will be more cautious approach, while the domestic industry will be accelerated pace of mergers.
Consulting firm AlixPartners, based on 50 Chinese manufacturers and suppliers of the investigation a written report, which forecast the next 5 years, car sales in China will maintain 20% growth rate. In order to achieve sustainable growth, the Chinese car companies will focus on the domestic market, technology upgrades, service and internal management.
Reported that the dispersion of China's auto industry ranks first in the world, the largest five vehicle manufacturers market share only 50%, while the proportion in Japan and the U.S. were 87% and 65%.
At the same time, China's domestic vehicle manufacturers in domestic market share of only 32%, far lower than Japan and South Korea 73% 94% level of other peers. In Germany, France and the United States, local vehicle manufacturers are more than 50% market share.
China's major automobile manufacturers, the market share is the largest private enterprise Chery (configuration Gallery reputation Forum) Automobile Co., Ltd. 5.5% share. Another local car brand BYD Company Limited's market share from 1.4% in 2006 to 5.1% in 2009.
Currently, foreign car makers in the Chinese auto market dominance. For example, Volkswagen's two joint venture companies occupy 16% of Chinese car market share of Hyundai Motor Company and General Motors were 10% and 9%.
Survey, auto executives that foreign auto companies will continue to maintain market leadership, and predicted China's domestic auto makers market share by 2015, slowly raised to 37%.
AlixPartners survey conducted last year, many executives to overseas acquisitions as a development strategy priorities. This year, the Chinese government introduced a policy to encourage industry mergers and acquisitions, and announced plans to major automotive companies in 2012 will be reduced from 14 to no more than 10, the future of the domestic market M & A activity will increase.
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