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The Total Output of "Twelfth Five-Year Plan" for Automobiles is Expected to Exceed 40 Million

2011-02-14

According to the estimation, the output of automobile industry in China will exceed 40 million by each project for carmakers by 2015. The capacity is seriously excessive, making all the related counterparts to be worried. The local and overseas carmakers have established plants in China in successsion since last year, so the growth rate for automobiles in 2011 is limited. However, it won’t be so optimistic after the rapid growth for automobile output in 2012, which may cause a huge impact due to the outbreak of price war in the market.