More local output will propel auto industry
By Wang Yanlin |
April 22, 2013, Monday
|
Print Edition
Print Edition
CHINA'S auto industry will drive forward from an increase in domestic output and German automakers will support that strategy, a senior official of Germany's auto industry body said yesterday.
"Germany is pursuing a two-pillar strategy that comprises exports from Germany along with local production," Matthias Wissmann, president of the German Association of the Automotive Industry, said at the Auto Shanghai 2013.
"China attaches importance to having the highest possible amount of local content in vehicles. In this area, German manufacturers and suppliers have made a considerable contribution in recent years."
He revealed that 35 percent of all cars that German manufacturers produce at international factories outside Germany are built in China, and that since 2005 Germany has raised passenger car production in China seven times to 2.9 million units last year.
Wissmann added that certain auto models that were seen in statistics as exports from Germany a year ago now appear as vehicles produced in China, owing to their higher proportion of value-added content.
"The trend is continuing this year, and this means that exports to China will tend to grow more slowly than local production," Wissmann said.
"Germany is pursuing a two-pillar strategy that comprises exports from Germany along with local production," Matthias Wissmann, president of the German Association of the Automotive Industry, said at the Auto Shanghai 2013.
"China attaches importance to having the highest possible amount of local content in vehicles. In this area, German manufacturers and suppliers have made a considerable contribution in recent years."
He revealed that 35 percent of all cars that German manufacturers produce at international factories outside Germany are built in China, and that since 2005 Germany has raised passenger car production in China seven times to 2.9 million units last year.
Wissmann added that certain auto models that were seen in statistics as exports from Germany a year ago now appear as vehicles produced in China, owing to their higher proportion of value-added content.
"The trend is continuing this year, and this means that exports to China will tend to grow more slowly than local production," Wissmann said.
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