On October 1, 2009
With Such U.S. Partners as Coda Automotive, Chinese Car Market Becomes World’s Largest
By most measures, the Chinese auto market is booming. In the first half of 2009, China led the world with 6.1 million sales (compared to just 4.8 million in the U.S.) But there’s more to it than just that: China is also poised to become the world leader in electric cars and battery technology. The Chinese auto industry is, to some degree, dependent on export sales, and those have declined in 2009 because of the worldwide slowdown, sending some carmakers and suppliers into bankruptcy. EVs and batteries for export would seem to be a Chinese strength, because the country’s ability to get parts (or whole cars) made and shipped at attractive price points in unmatched anywhere else. Economic recovery makes…
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