New Energy Vehicles in China Bringing a Paradigm Shift

The automobile sale in China is anticipated to grow at a CAGR of more than 18% during the 2011-2014, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) December 20, 2012 - China has become a prominent name in the international automobile market. Now, the country is focusing on to be a leader in manufacturing of new energy vehicles or NEVs. Though at present, the market is in its nascent stage but China's Government has ambitious plans for the growth of this industry. The government is taking various initiatives as subsidies and tax rebates to attract more customers and create a wider market for these vehicles. Moreover, foreign players, Toyota and Ford Motor Co. are also stepping up their green car businesses in China. Owing to the above factors, the overall sales of automobiles in China is anticipated to grow at a CAGR of around 19% during 2011-2014.

According to our research, "China Automobile Sector Analysis", demand for automobiles has increased to a great extent over the last few years, and encouraged most of the country's vehicle manufacturers to raise production capacity. Specially, in passenger cars' segment, production has grown at a double-digit rate owing to the growing popularity as a profitable manufacturing hub and rising investment by many international players. Besides that, the country is making every possible effort to become world's leading producer of new energy vehicle. As a major initiative, the Chinese Government has also recently announced various incentives and subsidies to boost the new energy vehicle market.

The report "China Automobile Sector Analysis", provide an in-depth research and rational analysis of the current status and expected position of Chinese automobile market. It offers detailed analysis of various segments of the industry and their sub-segments including passenger cars, commercial vehicle, and utility vehicles. Each section explains the current and future market trends, and developments in the Chinese automobile market. Forecasts for both sales and production of all-important segments of market have also been included in the report to provide a better understanding of the automobile sector in the country. Besides, we have also included detailed competitive landscape with an aim to provide a complete outlook of the market to clients. Our research foresees immense opportunities for various industry players, including domestic as well as international. Overall, the report offers a comprehensive analysis of the entire Chinese automobile industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM372.htm

Some of our Related Reports are:

- Passenger Carrier Market in China Outlook 2014 (http://www.rncos.com/Report/IM405.htm)
- Goods Carriers Vehicle Market in China Outlook 2014 (http://www.rncos.com/Report/IM406.htm)
- Passenger Car Market in China Outlook 2014 (http://www.rncos.com/Report/IM405.htm)

Check Related REPORTS on: http://www.rncos.com/Transportation.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: china automobile sales

Categories: Automotive

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