China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers
Green Car Congress
FEBRUARY 22, 2010
According to sources with knowledge of the new policy, it intends that Chinese-brand passenger vehicles will comprise at least half of vehicle sales by 2015 and sedans made by entirely domestic automakers will have about 40 percent of the nation’s car market. According to data from the China Association of Automobile Manufacturers (CAAM), 4.58
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