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28 Sep 2017  |  Asia Pacific
Digitalization and New Energy Powertrain to Transform the Commercial Truck Market in China
China owns the largest automotive market globally. The Chinese commercial truck market is expected to experience a positive growth at a compound annual growth rate (CAGR) of 3.1% during 2016–2025. This is a mature market which is highly concentrated and led by Foton, Dongfeng, JAC, FAW, and CNHTC in China, with a joint market share of 53.7% acros...
12 Jul 2017  |  Asia Pacific
Every Third FWD Vehicle Manufactured in China is to be Made by the Volkswagen Group
As the Chinese government seeks to improve the air quality and make China the global hub for cutting-edge electric vehicle technologies, the government is promoting new energy vehicles (battery and plug-in hybrid vehicles) through regulations and subsidies. In order to avoid penalties and take advantage of the incentives, a growing number of origin...
18 May 2017  |  Asia Pacific
Automotive Aftermarket Revenue Forecasted to Reach $281.8 Billion by 2022
The Chinese automotive aftermarket is likely grow at a strong pace in the next few years from 2017 to 2022. By 2022, it is forecasted that the revenue of the Chinese automotive aftermarket $281.8 billion. Currently, the average age of vehicles exceeds the warranty period (0–3 years). In 2015, the average age of vehicle in operation was 3.3 years....