Car Production Capacity in Guangzhou Is Expected to 4.5 Million Units in 2015

2011-08-05

After years of development, Guangzhou has become the largest car production base in the South China. The vehicle production of the three Japanese giant automakers, TOYOTA, NISSAN, and HONDA has completely transferred to Guangzhou, around which a large auto parts industry cluster is formed. According to reports, there are about 140 Japanese joint venture automobile companies in Guangzhou; the 2010 industry gross output value was about RMB250 billion, which accounted for 79% of the whole city automotive industry gross output value, and the total car output reached 1.356,3 million units and the motorcycle output was 0.81 million units.
Owing to Guangzhou People’s Government’s strong support of the development of auto parts industry, the industry output value has increased from RMB4.355 billion in 2003 to RMB72 billion in 2010. The ratio of vehicle output value to parts output value has developed from 1：0.093 in 2003 to 3：1 in 2010. In the next step, Guangzhou will spend five yearsin training 30 parts companies whose output value will be over RMB1 billion, 30 parts companies whose output value will be over 0.5 billion, and 100 parts companies whose output value will be over 100 million dollars to drive the Pearl River Delta to become the important auto parts supply base in the globe. Wan Qingliang, Mayor of Guangzhou indicates that Guangzhou car prodoction capacity aims to reach 4.5 million units, expecting car and parts imports up to USD3.6 billion, and the annual growth rate up to more than 15%. He expects Guangzhou to become the main car production base with the high-tech industry cluster and strong R&D capabilities.