Paintless Dent Removal Illinois

Are we going to start to see a squeeze on JV vehicles in the future:

SHANGHAI, Dec 16 (Reuters) – China wants half of passenger cars, including sport utility vehicles, sold to be self-developed by 2015, state media said on Wednesday, up from 44 percent now, as part of a push to build up its own auto industry.

Chinese automaker’s own-brand sedans should account for a 40 percent share of the market, according to revised guidelines for the auto industry, the Shanghai Securities News said, citing unamed sources.

Sales of SAIC Motor Corp’s Roewe and other indigenous sedans came to 1.95 million units in the first 11 months, accounting for 29 percent of overall sedan sales, official data showed.

The guidelines, expected to be released in the first half of 2010, also called for Chinese companies to hold at least 50 percent of any newly-formed foreign venture producing green cars, batteries and key components, the newspaper said.

They also encouraged local automakers to recruit overseas talent, it said, without elaborating.

China’s auto market has been a major bright spot this year amid a steep global industry downturn thanks to Beijing’s policy initiatives which effectively bolstered consumer confidence.

Still, most Chinese automakers are either making foreign brand cars in tie-ups with firms such as General Motors, and Volkswagen AG, or focusing on the lower-end of the market.

2 Responses to “China wants more self developed vehicles on the road”