BIZCHINA / Top Biz News
Innovation key to auto industry future
By Dai Yan (chinadaily.com.cn)
Updated: 2006-09-18 16:15
China's Vice Commerce Minister Wei Jianguo calls on domestic automotive
manufacturers to promote independent research and development (R&D)
capability in order to make the nation a major global complete vehicle
and auto parts supply base at an auto forum in Changchun on September 15.
The forum on Chinese-owned Automotive Brands was jointly organized by the
Ministry of Commerce of China, China Association of Automobile
Manufacturers and Jinlin's Department of Commerce. The heads of major
homegrown auto brand manufacturers including FAW Group Corporation, Hafei
Motor, Brilliance Jinbei Auto Co, Chery Automobile and Great Wall Motor
were in attendance.
China has become the fourth largest auto manufacturing country in the
world. Presently there are more than 5,800 auto and auto part
manufacturers with combined assets of over one trillion yuan (US$126
billion). China's auto production and sales accumulated 571 million and
576 million respectively, and the total production value reached 1.2
trillion yuan in 2005.
Overall auto exports had maintained an average annual growth of over 40
percent from 2000 to 2005, and homegrown brand complete vehicle saw
exports outstripping imports for the first time in 2005.
However, China's auto industry still greatly lags behind that of
developed countries in R&D innovation, brand building, enterprise size
and profits on exports, the vice minister said. China's auto exports
merely accounted for 1.1 percent of the world auto trade volume and 7.3
percent of the nation's auto industry value in 2005, while developed
countries such as Japan and Germany sold over 40 percent of their auto
products overseas. Technology and emission standard as well as safety
regulation in developed countries have been big problems for Chinese auto
exports, Wei added.
Presently China will continue focus on exports of labor- and raw
material-intensive auto parts, trucks, buses and medium and low grade
passenger cars. Upon this, high-tech auto parts and complete vehicles
under independent intellectual rights are expected to gradually
contribute to take a larger proportion in the exports. Large automakers
are encouraged to establish assembly factory, R&D center, sales and after
service network in foreign countries.
In order to expand overseas market for Chinese brand complete vehicle and
auto parts, the Ministry of Commerce in cooperation with the National
Development and Reform Commission are prepared to build exporting bases,
hold international auto parts trade fair and issue policies benefiting
auto export's sustainable development.
(For more biz stories, please visit Industry Updates)
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