综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Homegrown auto industry has the bit between its teeth

(Xinhua)
Updated: 2006-11-24 10:56

Special coverage:
Auto China 2006  
Related publication:

      
Related readings:
Chinese carmakers muscle competitors
The man behind expo

Demand for autos moves into high gear China to continue auto export expansion: Vice Premier
The luxury Rolls-Royce Phantom priced at 6.6 million yuan (825,000 U.S. dollars) is drawing envious glances at the ongoing Beijing Auto Show, but what makes this year's expo really different is the unprecedented number of homegrown Chinese brands.

The explosion of homegrown brands in the Chinese auto industry in the five years since the country entered the World Trade Organization has made a mockery of worries expressed in 2001 that international competition would harm the fledgling local auto industry when the country cut customs duties and opened up its domestic market.
According to the organizers, homegrown brands account for one third of the 572 vehicles on display, the biggest share in the history of the biennial event.

First Automobile Works (FAW), the country's largest automaker, wheeled in 29 vehicles and 10 of them are homegrown brands. The luxury Red Flag HQ3 -- in its stretched and bulletproof versions -- was the highlight.

The new Red Flag, no longer based on the old Audi 100 designs, was developed to rejuvenate the country's image.

In 1958, it took FAW only 33 days to churn out China's first V8limousine - later known as the Red Flag CA72 - for late Chinese leader Mao Zedong. The model made a great stir when it appeared at the National Day celebration ceremony in the capital city in 1959.

Zhu Yanfeng, FAW general manager, said his company will sell two million vehicles in 2010, half of which will be homegrown brands, worth a total of 200 billion yuan (25 billion U.S. dollars).


Visitors look at a redflag3 during the 2006 Beijing International Automotive Exhibition in Beijing ,capital of China, November 19, 2006. [chinadaily.com.cn]

The state-owned auto giant plans to transform itself from a loss-making enterprise into a competitive one, with priority given to developing homegrown brands and earning profit, said Zhu.

At present, FAW's own brands are mainly cheaper models manufactured in a Tianjin-based plant and priced at about 50,000 yuan each, according to Shanghai Securities News.

Shanghai Automotive Industry Corporation (SAIC) took part in the exhibition with the highly anticipated Roewe sedan, the company's first own-brand high-end model. Up to now, SAIC's high-end models all came from its joint venture partners General Motors and Volkswagen.

SAIC expects to produce two million vehicles a year by 2010, including 600,000 cars marketed under local brands, said company president Hu Maoyuan.
123  

(For more biz stories, please visit Industry Updates)



连山| 开阳县| 西峡县| 特克斯县| 息烽县| 巴楚县| 桂东县| 樟树市| 寿光市| 汝阳县| 墨玉县| 德州市| 普安县| 成武县| 察雅县| 河津市| 余江县| 西林县| 华坪县| 山丹县| 富平县| 镇坪县| 玉田县| 台中市| 沿河| 合水县| 佛山市| 瓦房店市| 尼木县| 清水河县| 巴青县| 襄垣县| 广河县| 济宁市| 嘉定区| 兰溪市| 高州市| 灌南县| 藁城市| 丹棱县| 吉首市|