China Automotive Sector

A Snapshot of Evolution

Chinese automotive industry, which is considered as the most happening region for the auto majors worldwide, is evolving on to the next plane. Consider the following:
“The Lifan Group, a major chinese car maker aims to buy a car engine plant in Brazil from Daimler Chysler and BMW.”

“US-based GXS, and China Entercom have launched China e-Auto Hub that provides a global trading platform to the buyers and sellers in the automotive industry in China.”

While the former typifies the global ambitions of domestic auto players in China being translated into action, the latter, which is essentially the platform for exchange of information on design, specifications, materials management and related matters heralds the emergence of B2B landscape in the cyber arena. These are just two instances that portray the myriad of changes occuring in the chinese automotive industry and serve to highlight the growing prowess of the land of dragon in the emerging global scenario.