{"id":165120,"date":"2010-01-11T09:18:00","date_gmt":"2010-01-11T14:18:00","guid":{"rendered":"tag:blogger.com,1999:blog-27954921.post-7918920425978231785"},"modified":"2010-01-11T09:36:21","modified_gmt":"2010-01-11T14:36:21","slug":"evs-lithium-and-ree-china-ends-u-s-%e2%80%99s-reign-as-largest-auto-market-tnr-v-czx-v-wlc-v-byddy-li-v-rm-v-lmr-v-clq-v-sqm-fmc-roc","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/165120","title":{"rendered":"EVs, Lithium and REE: China Ends U.S.\u2019s Reign as Largest Auto Market TNR.v, CZX.v, WLC.v, BYDDY, LI.v, RM.v, LMR.v, CLQ.v, SQM, FMC, ROC,"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Now China officially has surpassed U.S. as the Largest Auto Market. Let’s wait for the next step to happen, when it will claim EVs’ crown. <\/div>\n

\"\"<\/a><\/p>\n

“EV Electric cars and Hybrids Production cycle<\/span><\/a><\/strong>.
<\/span>Auto makers.
Here we will be looking for a newcomers into the sector which could provide an explosive growth in revenues from low base and respective valuation. We will be restricted to public companies. New coming IPOs could provide opportunities: like Tesla Motors. Asian connected players could provide another opportunity of a double valuation drive: growing markets and electrification shift.<\/span><\/a><\/strong> Chinese BYD will be the most famous example.”
<\/span><\/em><\/div>\n
By Bloomberg News<\/div>\n

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China Ends U.S.\u2019s Reign as Largest Auto Market<\/span><\/a><\/strong><\/div>\n

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Jan. 11 (Bloomberg) — China supplanted the U.S. as the world\u2019s largest auto market after its 2009 vehicle sales jumped 46 percent, ending more than a century of American dominance that started with the <\/span>Model T<\/span><\/a> Ford.
<\/span>The nation\u2019s sales of passenger cars, buses and trucks rose to 13.6 million, the fastest pace in at least 10 years, according to the China Association of Automobile Manufacturers. In the U.S., sales slumped 21 percent to 10.4 million, the fewest since 1982, according to Autodata Corp<\/span>.
China\u2019s vehicle sales have surged since 1999 as economic growth averaging more than 9 percent a year has helped automakers including General Motors Co.<\/a> and Volkswagen AG<\/a> compensate for slumping demand in the U.S. and Europe. The market will likely remain the world\u2019s largest, even as sales slow this year on a reduction in tax cuts, according to Booz & Co.
\u201cChina is becoming the center stage of development for the 21st century global auto industry,\u201d said Bill Russo<\/a>, a Beijing- based senior adviser at Booz & Co., which advises automakers. \u201cEconomic growth has directly translated into growth in automobile sales.\u201d
December sales of passenger cars, trucks and buses rose 92 percent to 1.4 million. For the whole of 2009, passenger-car sales rose 53 percent to 10.3 million.
\u2018Rising Challenges\u2019
\u201cThe incredible growth rate last year is not going to be repeated in 2010,\u201d said Yu Bing<\/a>, an analyst at Pingan Securities Co. in Shanghai. \u201cAutomakers will face rising challenges in China this year with slower demand growth and increasing competition.\u201d
China\u2019s government last year halved the sales tax on new vehicles to 5 percent and offered 5 billion yuan ($732 million) in cash to replace old ones, insulating the country from slumping global demand. The Chinese government announced plans on Dec. 10 to scale back the measures, including raising the tax on new vehicles with engines of 1.6 liters or smaller to 7.5 percent.
Vehicle Ownership
China\u2019s vehicle ownership climbed to 51 million by the end of 2008 from 1 million in 1977. Per capital disposable income for Chinese households increased 46-fold in nominal terms during the period, also making the country the world\u2019s biggest markets for products such as cell phones, beer and microwave ovens.
GM and Volkswagen have targeted growing Chinese demand to compensate for slumping sales in the U.S. and Europe.
GM, the biggest overseas automaker in China, said on Jan. 4 that its Chinese sales rose 67 percent last year to a record 1.83 million vehicles. Shanghai General Motors Co. sold 727,620 cars last year, an increase of 63 percent. GM sold 1 percent stake in Shanghai GM in December to partner SAIC Motor Corp.<\/a>, China\u2019s largest domestic automaker. The $84.5 million deal will leave GM with a 49 percent stake in the venture.
Sales at SAIC-GM-Wuling Automobile Co., China\u2019s largest minivan maker, rose 64 percent to 1.1 million vehicles, accounting for about 60 percent of GM\u2019s China sales. The minivans are sold for as little as $4,000 each.
China Investment
Ford Motor Co. is spending $490 million on a third plant in China, while Volkswagen plans to invest 4 billion euros ($5.7 billion) in the country by 2011. Seoul-based Hyundai intends to build a third Chinese factory as it aims to boost local capacity by 50 percent to 900,000 vehicles a year by 2011.
China had 117 automakers at the end of 2008, according to the automobile association, raising the possibility of overcapacity. Automakers should \u201ckeep their heads cool\u201d to prevent expanding production beyond demand, Chen Bin<\/a>, who oversees regulation of China\u2019s auto industry at the National Development and Reform Commission, said last year.
Henry Ford<\/a> introduced the Model T in 1908 as the world\u2019s first automobile affordable for a mass market. The car was produced at the Piquette Plant in Detroit, helping the city become synonymous with the auto industry. GM, also based in the city, grew into the world\u2019s largest automaker.
The U.S. has since lost out to Asian carmakers producing cheaper and more fuel-efficient models. Toyota Motor Corp.<\/a> ended GM\u2019s 77-year reign as the biggest automaker in 2008. General Motors Corp. and Chrysler also both filed for bankruptcy as the worst recession since the Great Depression sapped auto sales.
—Tian Ying<\/a>. Editor: Patrick Harrington<\/a>, Neil Denslow<\/a> <\/div>\n
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Now China officially has surpassed U.S. as the Largest Auto Market. Let’s wait for the next step to happen, when it will claim EVs’ crown. “EV Electric cars and Hybrids Production cycle.Auto makers.Here we will be looking for a newcomers into the sector which could provide an explosive growth in revenues from low base and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-165120","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/165120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=165120"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/165120\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=165120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=165120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=165120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}