China’s Auto Industry: From Charcoal-Powered Cars to Full Autonomy
Markus Pfefferer, Managing Director – Asia Pacific, Ducker Worldwide
Imagine a scenario in the not-too-distant future – perhaps five to seven years from now – in which a significant number of the passenger vehicles roaming the streets of Berlin, Paris or Los Angeles were made in China.
It may sound far-fetched, but China is by far the largest producer of vehicles in the world. Since 2009, annual vehicle production has exceeded that of the EU. By another measure, output was high than that of the US and Japan combined. In 2014, the total number reached more than 23.7 million, accounting for 26% of global vehicle production.
The number of registered cars, buses, vans, and trucks on the road in China reached 62 million in 2009, and is expected to exceed 200 million by 2020. It is estimated that China’s car market will grow tenfold between 2005 and 2030. This seems eminently possible, since, according to statistics from the China Automobile Industry Association, 2016 sales were at 28 million, an increase of about 14% over the same period in 2015.