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Your email address will not be published.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 *

*

ten − 5 =

Recommended articles
May Day recap: how did heavy transportation fare?
May Day recap: how did heavy transportation fare?
The data presented are from average daily traffic for the period April 26 through May 2, 2021
The future of autonomous aircraft in commercial aviation
The future of autonomous aircraft in commercial aviation
Delve into the world of commercial aviation as we explore the innovative prospects of autonomous aircrafts, their potential advantages, potential issues, and how they are set to redefine the future of air travel.
Does buying trailers in the age of coronavirus still pay off?
Does buying trailers in the age of coronavirus still pay off?
Thinking about buying a trailer? Do you think that such an expense in the age of coronavirus is a reasonable option? Maybe there is another way to purchase a trailer? Find out!
Latest articles