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Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. Sales of China’s domestically-made automobiles totaled 1.09 million units in July, up 63.57
In 2009, China overtook the United States as the world’s largest automobile market with sales increasing 46 percent from 2008 to 13.6 million vehicles in 2009, according to the China Association of AutomobileManufacturers. ZAP hopes to leverage a stimulus from the government for plug-in forms of transportation.
With the multiple state owned automobilemanufacturer partners it would be a simple process of handing the keys over to the factory and the corporate office. Chinese central Bank stimulus programs have amounted to nothing and the consumer is flat demoralized and tapped out. @John Hanna In reply to John Hanna.
A report in the People’s Daily quotes Chen Bin, director of the Department of Industry under the NDRC, as stating that Chinese car manufacturers were originally expected to produce and sell more than eight million units of vehicles in the first eight months of the year.
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