Ken Research Report on China Automobile Industry Research Covers China Passenger Vehicle Sales Volume,Passenger Vehicle production China,China Passenger Vehicle Industry,Passenger Vehicle Market China,China Automobile sector Future Outlook covers China Automobile sector Future Outlook,China Passenger Vehicle Sales Volume,Passenger Vehicle production China,Passenger Vehicle Demand China,Passenger Vehicle Market China,China Automobile Industry Research

1. Burgeoning Passenger Vehicles Industry in China: Ken Research

2. • Ken Research has announced its distribution on, “China Passenger Vehicle
Industry Overview, 2017-2021” which provides:
• Reasons for developing environment of Passenger Vehicle Industry in
China
• Analysis on Supply and Demand in Passenger Vehicle Industry in China
• Major Sales Channels of Passenger Vehicles in China
• Import and Export of Passenger Vehicles in China
• Competition in China Passenger Vehicle Industry
• Major Driving Forces and Market Opportunities in Passenger Vehicle
Industry in China, 2017-2021
• Threats and Challenges in Passenger Vehicle Industry in China, 2017-2021
• Forecast on Supply and Demand of Passenger Vehicle Industry in China,
2017-2021

3. • INDUSTRY OUTLOOK
Passenger vehicles are formed with technical properties for carrying
passengers together with their luggage and temporary belongings with
not more than nine seats including the driver seat and are further
categorized into basic passenger vehicles (sedans), multi-purpose vehicles
(MPV), sports utility vehicles (SUV), special purpose passenger vehicles
and cross passenger vehicles. Chinese passenger vehicle manufacturers
can be divided into independent brands, join-venture brands and foreign
brands. Foreign brands target at the high-end market; join-venture brands
are joint ventures between large state-owned enterprises and foreign
enterprises; and independent brands are either large state-owned
enterprises or private enterprises.

5. The passenger vehicle manufacturing industry is under stern regulation of
Chinese government. There is a harsh examination and approval system
where Chinese government strictly examines and approves investment
projects of whole passenger vehicles and vehicle engines and also there is
a strict catalogue system. There are polices regulating technologies in the
industry for example, it puts emphasis on economical sedans that are in
accordance to national safety, energy efficiency and emission standards
and personal vehicle demands. Gasoline motors are expected to reach
Euro III or China IV emission standards and along with moderate
development of sedan diesel engines, single-fuel combustion engines and
hybrid engine systems is also encouraged recently and forecasted to grow
well in the future years.

6. In 2015, automobile consumption was gloomy and the automobile market
stepped into a downturn and for augmenting the sales volume of
domestic automobiles, the State Council issued the preferential purchase
tax policy which provided a 50% discount on purchase tax of automobile
of 1.6 liter and below. The policy became effective on October 1, 2015 and
lasted until December 31, 2016 and after the implementation of the
policy, the Chinese automobile market was very hot and it is further
expected to maintain this position and develop well in the coming years.In
China's passenger vehicle market, the competition is seen majorly among
independent brands and joint-venture brands. In 2016, leading enterprises
in the passenger vehicle industry in China were SAIC Volkswagen
Automotive Co., Ltd., SAIC-GM- Wuling Automobile Co., Ltd., SAIC General
Motors Co., Litd., FAW-Volkswagen Automobile Co., Ltd., Chongqing
Changan Automobile Co., Ltd., etc.

7. In 2016, the output volume and sales volume of passenger vehicles in
China were recorded as 24.421 million and 24.377 million, increasing by
15.5% and 14.9% over 2015, respectively. The growth rates were 1
percentage point and 1.2 percentage points, which were higher than that
of the overall output volume and sales volume of automobiles. Category
wise, the sales volume of sedans were 12.15 million, increasing by 3.4%;
that of SUVs were 9.047 million, rising by 44.6%; that of MPVs were 2.497
million, ascending by 18.4% ; that of cross passenger vehicles were
684,000, decreasing by 37.8% in 2016.Affected by the preferential
purchase tax policy, in 2016, the sales volume of passenger vehicles of 1.6
liter and below was reckoned as 17.607 million, rising by 21.4% over 2015
and accounted for 72.2% of the total sales volume of passenger vehicles.

8. In 2016, 10.529 million Chinese brand passenger vehicles were sold,
increasing by 20.5% and reckoned for 43.2% of total passenger vehicle
sales volume. The share increased by 2 percentage points over 2015. The
volume of sedan sold was 2.34 million and its market share was 19.3%,
down by 3.7% and 1.4% YOY, respectively; the sales volume of SUV was
5.268 million and its market share was 58.2%, up by 57.6% and 4.8%YOY,
respectively; the sales volume of MPV was 2.238 million and the market
share was 89.6%, up by 19.9% and 1.2% YOY, respectively. Overall, the
passenger vehicles production and demand in the Chinese market is likely
to keep on ameliorating year after year as can be seen by the facts
recorded in the report.

9. • For more coverage click on the link below:
• https://www.kenresearch.com/productsearch.html?searchKey=China+Pas
senger+Vehicle+Industry+Overview%2C+2017-2021
• Related links:
• https://www.kenresearch.com/automotive-transportation-and-
warehousing/automotive-and-automotive-components/understanding-
the-vehicle-battery-aftermarket-in-the-european-emerging-
markets/4748-100.html

10. • https://www.kenresearch.com/defense-and-security/weapon/global-
armored-vehicles/23731-16.html
• Contact:
• Ken Research
• Ankur Gupta,
• Head Marketing & Communications
• query@kenresearch.com
• +91-124- 4230204
• www.kenresearch.com

11. Thank you