Expert Profile
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Denis Gihan
Partner of Citiheart Shanghai Trading Co.
Apparel & Fashion industry
January 2008 – Present
Partner of Offshore Development
Information Technology and Services industry
September 2006 – Present
Founding Partner of Dailymotion
Internet
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You want to work (or already work) with china? in Sourcing, technical subcontracting, high tech product? and wish to get some advices and informations from European expert on Chinese market? in order to buy in China and improve the follow up and quality process; So please feel free to contact us to meet us during the first 2weeks of September in Valence, Barcelona, Madrid and Paris.
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Shanghai GM, a joint venture between Chinese automaker Shanghai Automotive Industry Corporation and the US' General Motors, ranked the first among Chinese carmakers in terms of November sales, according to the latest statistics released by the China Association of Automobile Manufacturers (CAAM). The combined sales of China's top 10 carmakers in November reached 492,100 units, taking up 65 percent of the country's total. The 10 carmakers are Shanghai GM, FAW Volkswagen, Shanghai Volkswagen, BYD Auto, Dongfeng Nissan, Beijing Hyundai, Chery Auto, Geely Auto, FAW Toyota and ChangAn Ford Mazda.
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| China Auto Sales Up Nearly 47 Percent Y/Y In May |
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Sales of China's passenger cars in May reached 829,100 units, equivalent to an almost 47 percent increase in growth compared to last year, boosted by tax cuts and other government incentives, according to the China Association of Automobile Manufacturers.
From January to May, passenger car sales rose by 21 percent to reach 3.36 million units, while total vehicle sales climbed 14.3 percent to 4.96 million units, more than the 4.84 million units produced in the same period. Industry groups forecast that China's auto sales will top 11 million units in 2009,over the earlier forecast of about 10 million. However, while China's passenger car sales in May was at 46.8 percent compared to last year, the quantity of units sold in May was slightly below the 831,000 units reported in April. Majority of the units sold, or 591,300 units were sedans, especially small cars. But sales of crossover vehicles also soared, by 84 percent year-on-year, to 172,600 units. Sales of SUVs climbed 25.8 percent, to 47,700 units, the industry group said. From January, more cars were sold in China than in the US, making the country the world's largest car market, helped by Beijing's incentives to boost domestic consumption. But in May, 925,824 units were sold in the US, outpacing China for the first time this year. U.S. sales of cars and light trucks rose 13 percent in May compared with April, to 925,824 units, though they fell nearly 34 percent from a year earlier, according to Autodata Corp. |






