Don't have an account?
Page 2 - Chinese Economy
-
April 02, 2025
China-Kenya Economic Cooperation Reaches New Heights with Automotive Deals
Nairobi, Kenya - The recent China (Chongqing)-Kenya Economic and Trade Cooperation Exchange marked a significant milestone in bilateral relations, with major automotive deals taking center stage.
Key Highlights
- 8 signed projects worth approximately 2.8 billion CNY (420 million USD)
- Over 200 participants from government, business, and media sectors
- Major automotive procurement agreements signed by leading Chinese manufacturers
- Commitment to enhanced manufacturing and infrastructure cooperation
Automotive Sector Takes Spotlight
The exchange yielded significant agreements in the automotive sector:
- Lifan Industry (Group) Import & Export Co. signed motorcycle procurement orders with Majindu Motor Vehicle Co. and Zimo Kenya Ltd.
- Chongqing Jinguan Automobile Manufacturing Co. entered into a special vehicle procurement agreement with Jiaohang Ltd. (Somalia-based company)
Expanding Bilateral Cooperation
This year marks the
-
April 02, 2025
Changan Auto Enters European Market and the Global Outlook of "Made in Chongqing" Vehicles
Changan's European Market Strategy
Brand Launch and Market Expansion: On March 21, 2025, Changan Automobile held its European brand launch in Mainz, Germany, marking its official entry into the European market. The event showcased nine new models across its three brands (Changan, Deepal, and Avatr).
Market Plan: Changan plans to expand to at least 10 European regional markets by the end of 2025 and establish a comprehensive business presence across Europe by 2028. The company will set up its own national sales companies in Europe and plans to open up to 60 showrooms in the UK.
Localization Strategy: Changan will promote localized product R&D and manufacturing in Europe. Its European R&D team will deeply participate in product design and optimization to ensure vehicles meet European consumer preferences. The company may establish local manufacturing plants in Europe to reduce costs and improve supply
-
March 09, 2025
The Changing Landscape of China's Automotive Market: Homegrown Brands on the Rise
A Shift in Consumer Preferences and the Impact on Joint Venture Vehicles
The automotive industry in China has been witnessing a significant shift in recent years, with domestic brands gaining ground and challenging the dominance of joint venture vehicles. Once revered for their quality and reliability, models like the Toyota Corolla and Honda Fit have seen their sales plummet due to the rise of competitive homegrown alternatives. This article explores the factors contributing to this change and the implications for the future of China's automotive market.
The Fall of Toyota Corolla and Honda Fit
The Toyota Corolla, once a symbol of affordability and reliability, has experienced a dramatic drop in sales, with only 4,320 units sold in April of this year. Similarly, the Honda Fit, known for its spaciousness and performance, has seen its sales dwindle to a fraction of its former success. The discounts for
Recent Posts
