Casting Crowns - Just Be Held (Live)
Why China anonymous private car companies like Geely, BYD and Great Wall can t seem to compete with state enterprises.
General Motors has released a Chinese version of its Chevrolet Cruze, produced in partnership with SAIC, China's largest and state owned automaker China automotive companies owned s don t need to invest especially in research and development with foreign partners in China requires all foreign manufacturers who want to sell cars in the country to form joint ventures with domestic automakers General Motors picture.
General Motors recently released its first platform of compact car vehicle built on its new D2XX that will be used for at least seven future models, but instead to choose the United States as the first market to receive its last steel base welded for compact Chevrolet, Buick and GMC sedans and crossover SUVs, GM has chosen to release the new platform in China the Chinese version of the 2015 Chevrolet Cruze is built on the D2XX on sale Friday.
GM's green light in China with its compact Cruze newer, more spacious and more stylish emphasizes attention to foreign automakers give most by Chinese and foreign automakers and fastest growing automotive market and financial figures released today in the world indicate when a national car manufacturer wants to attract Chinese buyers, it helps to have a foreign brand well known by his side.
The cars are made by domestic Chinese manufacturers are about as good as anything that has been done in the United States there are 15, but they're aiming at a moving target that foreign automakers continue to innovate, Greg Anderson, author of How Foot Patrol China plans to dominate the world auto industry, said by phone Monday the Chinese get richer and the aspiration is to have a foreign brand to be driving around in a Buick impresses friends more than driving around in a BYD.
BYD Co Ltd automaker and private Chinese battery backed by Berkshire Hathaway Inc. Warren Buffet NYSE BRKA, said Sunday its net profit fell 15 percent to 59 5 million in the first half of the year, its vehicle sales fell 27 percent the news comes a month after another private automaker Great Wall Motors, reported lower profits and declining market share in the first six months of the year.
Meanwhile, China's domestic automakers owned joined with foreign brands looking to enter the Chinese market riding the rapid growth of the Chinese auto market Brilliance China Automotive recently announced a 79 percent leap in net profit to 590 million euros, thanks largely to its partnership in the production of BMW cars and its prevalence in the local market for luxury wheels Dongfeng Motor, which will soon announce its first half the states financial in Hong Kong, should signal a jump of 23 percent of profits to 1 1 billion, JPMorgan said, with the help of his relationship with Honda Motor Co Ltd TYO 7267 and Toyota Motor Corp. TYO 7203.
Chinese law requires that foreign car manufacturers to establish joint ventures with local manufacturers to have access to the population explosion of consumer countries that can afford intermediate and luxury cars, and the country is n not likely to bow to pressure from critics who say allowing foreign automakers to set up shop in China in the same way they can in the US and Europe to improve innovation.
Chinese officials say if they force t partnerships at the local foreign and home grown in the country automotive industry would be left in the dust that foreign automakers dominate But if that is the case, the political isn t work Chinese manufacturers continue to shed market share as consumers flock to foreign brands such as Chevrolet Cruze GM and Ford both growth two year digits after year reported in China car deliveries in the first six months of 2014 .
One of the most vocal critics of China's policy is Li Shufu, the founder of Zhejiang Geely Holding Group Co Ltd which the company bought Volvo Car Corp, Ford Motor Co F NYSE in 2010 Li said allowing competition would be good for local innovation more Chinese automakers would be forced to invest in research and development R & D instead of relying on technology transfer companies like Volkswagen AG FRA VOW and GM.
If private companies were able to compete on an equal footing, they would become formidable competitors, he said private Chinese manufacturers have an incentive to invest, they have to sell their Chinese brand cars, but because foreign automakers are associated with companies owned by the state, it gives them the advantage because they can give up R & D costs.
Last week, Volvo Corp Car Chief Executive Håkan Samuelsson said sales of the Swedish automaker owned Geely should be up 10 percent this year to 470,000 units in the first rear half swung the company profitable 78 million compared to a loss in the same period last year one of the main drivers of this growth was Chinese demand for technically Swedish brand, Geely and Volvo are separate companies, but for Volvo to expand its activities in China, has been developing a closer relationship with local Geely Geely and that means could emerge as a leading private players in the Chinese market to benefit from technical advice to a foreign automaker, as the upper part of China and automotive company State-owned SAIC motor benefits from its relationship with GM and Volkswagen.
Geely could certainly use a hand like its private rivals BYD and Great Wall, the automaker has declined by 20 percent in earnings due to competitive pressure on indigenous brands it plans to intensify in the years to Volvo reveals this coming week in Stockholm its new XC90 crossover turbocharged the first construction vehicle under the ownership of the new Geely new Swedish vehicle platform designed in the company the company has high hopes for the car in China.
Why the Chinese automobile private limited companies like Geely BYD and Great Wall does not seem to compete with, porcelain, private, took place, companies.