中国汽车行业报告英文版

¾ForeignDirectInvestment(FDI)grew22percentinrealtermsinthefirst11monthsof2004.ActualFDIstoodatUS$57.553billion.InthesameperiodChinaapprovedatotalof39,291newoverseas-investedcompanies,up7.31percentfromthesameperiodlastyear.FDIforthemonthofNovemberstoodatUS$3.75billion,upjust7percentfromayearearlier.¾AccordingtoMinistryofCommerceandgeneraladministrationofcustoms,China'stotalvalueofimportsandexportsreachedUS$1,038.38billion,up36.5percentfor11monthsendingNovember2004fromthesameperiodlastyear.ThisisthefirsttimethatforeigntradevolumehassurpassedUS$1,000billion.¾China'sindustrialoutputgrowtheasedto14.8percentinNovember,itsslowestpacein18months.Asgovernmentmeasurestocurb,theeconomyshowssignsoftakingeffect.AccordingtotheNationalBureauofStatistics,(NBS)productionslowedfrom15.7percentinOctoberand17.9percentforthesamemonthlastyear.Outputforthefirst11monthsof2004grew16.8percent,unchangedfromthesameperiodin2003.¾China'sinflationrateroseatitsslowestpaceinninemonthsinNovember,keptincheckbylowerpricerisesforfoodandeasingthepressureforfurtherinterestratehikes.AccordingtotheNBS,theNovemberConsumerPriceIndex(CPI)wasup2.8percentyear-on-year,comparedwith4.3percentinOctoberand3.0percentinNovember2003.UrbanconsumerpricesinNovemberrose2.4percentyear-on-year,whileruralCPIwasup3.6percent.¾Automobileproductiongrewby4.5percentat4.36lakhunitsinNovember2004.Thepositivegrowthisattributedtothehigherdemandinthecommercialvehiclesegment.Thecommercialvehiclesegmentgrewat25.80percentwhilepassengercarsandbusesrecordedagrowthof0.3percentand1.3percentrespectively.¾CharadefromtheDaihatsustablewasthetopsellingcarinthemonthofNovemberfollowedbyElantraandJettawhichconstituted6.1percentand5.9percentofthetotalvehiclessold.¾AccordingtotheMinistryofCommerceandGeneralAdministrationofCustoms,Chinawillrevokethepracticeoflicensingimportsofcars,keyautopartsandcompactdiscmanufacturingequipmentbeginningJanuary1,2005.ThisisinlinewithChina’scommitmenttotheWorldTradeOrganization(WTO).•Economy&SectorHighlights•Infocus–Ford’sStrategyinChina•NewsItems•RecentPerformance•InvestmentTrends•InternationalTrade•Mergers&Acquisitions•RegulatoryIssues•CompanyScan:GeelyAutomobileHoldingsLimited•IndustryOutlookInsidethisIssueEconomy&SectorHighlights’slargestautomakershashadabumpyrideinthelucrativeChinesemarketsofar.FordMotorshasitspresenceinChinathrougha50:50jointventure(JV)withthestateownedChongqingChanganAutomotiveCorp.TheentityiscalledChanganFord.AsonDecember2003,theJVhas0.8percentmarketshareofChina’spassengercarmarket.HistoricalPerspectiveBeforethisJVwithChanganAutomotivetookoffin2001,Fordcouldnotmaterializeuponthetie-upsithadwithDongfengMotorsandJianglingMotorCorp.It’sentryintothemainstreamfamilyautomarketwasthereforedelayed.Thecompany’sconservativeattitudecombinedwithaproductlaunchthatdidnotgainwidermarketacceptance(involumeterms)furtheraddedtothewoes.HowdoesFordmatchupwithitsrivalsinChina?Source:FOURINChinaAutoweeklyTheabovetableshowsthatFordhasaproductionshareof1.90percentintheChinesemarketwhichisonaverylowersidewhencomparedtoitsglobalrivalswhohaveestablishedawiderpresenceinthisemergingmarket.ManufacturerProductionShareVolkswagen28%GeneralMotors11.20%Suzuki8.20%Hyundai7.40%Honda6%PSA3.80%Toyota2.80%Ford1.90%ProductionShare-FordVsCompetition(1stHalf,2004)BrandChevroletBuickModelDaewooKalosDaewooMagnusBrandFordModelMaverickBrandVolkswagenVolkswagenVolkswagenModelGolfA5TouaregOctaviaBrandHondaModelStreamBrandToyotaToyotaModelCamryCrownBrandHyundaiHyundaiJianghuaiModelXGSanteFeTrajetPRODUCTLAUNCHESIN2005-FordVsMajorCompetitorsToyotaHyundaiGeneralMotorsFordMotorsVolkswagenHondaInFocus–Ford’sStrategyinChina’sEuropeanteamtodevelopvehiclesforAsiaFord'sEuropeanProductDevelopmentteamisplayingakeyroleinmeetingtheneedsandaspirationsofrapidlyincreasingnumbersofnewcarconsumersinAsia.VehiclesdevelopedbyFordofEuropearepivotalinthecompany'sstrategytocompetesuccessfullyandexpanditspresenceintheAsia-PacificandAfricanmarkets.FordMondeo2.5V6haswonthe2005CaroftheYearinChina.BeforetheintroductionofMondeotoChinainearly2004,morethan2.5millionunitshadbeensoldworldwide.Exploitsynergywithitspartner,ChanganChanganAutomotive,Ford’sstrategicpartnerinChinawouldhelpthecompanyimplementi