Spyker Cars announced that it has taken the first steps to make an entrance into the Chinese auto market. Spyker signed an agreement with China Automobile Trading Company, one of China’s largest auto importers, and it awaiting government approval to begin its joint venture.
According to a report by Xinhua, from Beijing, China, Spyker recently signed an agreement with a local Chinese auto importer in order to establish a joint venture that will allow Spyker to import luxury automobiles into the growing Chinese auto market.
China recently unseated the U.S. as the world’s largest auto market, and now Spyker joins other brands scrambling to find a footing the massive – and still growing – auto market that is China. Spyker’s CEO, Victor Muller, expressed optimism regarding the growth of the Chinese auto market, and specifically with the luxury segment.
Should the agreement between Spyker and CATC be approved by the Chinese government, the joint venture would allow for Spyker sales and service in China for its supercars, luxury sport utilities and luxury commercial vehicles.
China unseated the U.S. as the largest auto market when it reported 13.64 million unit sales for 2009.
References
1. ‘Spyker taps into China’s luxury…’ view
Source: Leftlane