China is investing in automobiles. They will also produce trucks

Trends
China is investing in automobiles. They will also produce trucks
It takes approx. 1 minutes to read this article

The economy of the Middle Kingdom is recovering at an express pace from the first wave of COVID19 cases. The Chinese want to become manufacturing leaders, both in cars, trucks and spare parts.

Research on this topic was conducted by Deloitte. Their results are very interesting.

In 2035, between 75 and 94 percent of all new cars will be sold on the Chinese market

we can read in the published report.

Besides, Beijing wants to increase capacity in the car and truck manufacturing sector and become a world leader in terms of spare parts supply. This is a good outlook for the industry as a whole, as China’s persistence and resources could be the cure for the industry’s collapse as recorded in 2020.

(Photo: pixabay.com)

Add comment

Your email address will not be published. Required fields are marked *

*

six + 17 =

Recommended articles
The Guide to Prepping Your Goods for Shipping
The Guide to Prepping Your Goods for Shipping
Are you an online seller looking to successfully ship your goods? If so, then you’re in luck! In this blog post, we’ll provide a comprehensive guide to prepping your goods for shipment. Whether you’re packing and shipping your own products or using FBA Prep services, this guide will help ensure that your goods arrive safely and on time to their destination. Keep reading to learn more!
How do new technologies help with transportation planning?
How do new technologies help with transportation planning?
Can new technologies help in transport planning? Check how they affect this industry and whether it is worth betting on such solutions!
How to finance the purchase of a car?
How to finance the purchase of a car?
Find out how to finance your car purchase!
Latest articles