CHINA’S SAIC LOOKS ABROAD TO EXPAND SALES AS DOMESTIC MARKET GROWTH TAILS OFF
August 1st, 2017
CHINESE customers bought 28 million vehicles in 2016, up 7.3% from 2015, which saw a year-on-year growth of 4.7%, according to the China Association of Automobile Manufacturers. However, such sales were largely stimulated by tax incentives released by the Chinese government in 2015 to encourage the sales of low-emission cars.
Seeing the growth in China’s automotive market is slowing down, Chinese auto makers, who have amassed significant cash reserves during past periods of surging sales, are keen to expand their sales globally.
A recent example of a Chines ...
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