China’s automobile production volume and sales volume was 18.4189 million units and 18.5051 million units respectively, increased by 0.84% and 2.45%

According to the statistics of China Association of Automobile Manufacturers, in 2011, China’s automobile production volume and sales volume was 18.4189 million units and 18.5051 million units respectively, increased by 0.84% and 2.45%, and the demand volume of automotive coatings reached 590,000 tons. In 2012, the annual automobile production volume was 19.2718 million units with the year-on-year growth of 4.6%, the sales volume was 19.3064 million units, year-on-year growth of 4.3%, and the demand volume of automotive coatings reached 620,000 tons.

At present, foreign-funded enterprises account for more than a half of the total market share; by virtue of the absolute advantages in aspects of capital, technology and scale, the foreign-funded enterprises occupy most of market in medium and large-scale cities. In the original coatings filed, the foreign-funded brands occupy 80%-85% of the total market share. The world-renowned automotive coatings manufacturers, such as PPG, DuPont, Kansai and Dai Nippon and BASF are optimistic to China’s automotive coatings market and have entered China’s market in succession.
To Know More : China’s automobile production volume and sales volume was 18.4189 million units and 18.5051 million units respectively, increased by 0.84% and 2.45%.