China Auto Exports Down

At present, the global financial crisis is lingering, China's automobile manufacturers also suffered a setback in the overseas market during the first two months of this year. From Customs' data shows that China exported 40,000 vehicles in the first two months, a 61.7 percent decline year-on-year. The export volume of 16,000 units in February was down 66 percent month-on-month. It set a record for the lowest monthly exports since 2007.

 

Experts point out that the global economic downturn and the trade protectionist policies are the main reasons for the export decline. Hui Yumei, an auto analyst with Sinotrust research firm, says "Market demand has been shrinking everywhere outside China. The financial crisis is the chief culprit. So, it's not unusual to have such an export figure." Russia, one of the key destinations for China's automobiles, took a series of protectionist measures in recent months. That meant China only sold 245 vehicles to Russia during that period, down from 9,636 units sold during the same period last year.

 

Related China Bus News

• ZF and Foton Expand Strategic Partnership to Hybrid Transmission for China Market 09-20
• Pangood “X-POWER” Pushing Commercial Vehicles into the Era of Wheel Drive 09-19
• IAA Transportation 2024: ZF Further Expands Its Position as a Pacesetter of the Commercial Vehicle Industry 09-18
• Dongfeng Cummins Integrated Gas Powertrain: High Performance Creates High Value 09-12
• The New Generation of Dongfeng Cummins Engine D7.0 08-30
• ZF Drives Commercial Vehicles Innovation to Shape the Future of Transportation 08-23
• ZF Plans to Manufacture Two More Electric Axle Drives in Germany 08-14
• Jing-Jin Electric Reached a Strategic Cooperation with Dongfeng Dana Axle 08-08
• Dongfeng Cummins D4.5FE Engine 08-07
• Dongfeng Cummins Achieves Over 5 Billion Yuan in Sales in the First Half of 2024 08-05
• ZF Releases First-Half Financial Report with Sales Reaching 22 Billion Euros 08-01