Sino-foreign joint-ventures were China's top three
producers of passenger vehicle producers in 2006, with the Shanghai
GM, leading the pack selling 413,400 autos.
The list, published Monday by the website China Auto
News, shows that the Shanghai Volkswagen and FAW-Volkswagen came in
second and third by selling 352,000 and 350,000 cars,
respectively.
Chery, China's top-selling domestic brand, sold 300,000 cars to
take the fourth place, the best performance ever by a Chinese
carmaker.
Jia Xinguang, an industrial analyst, said that China's
domestic auto producers boosted their share of the market to 26
percent in 2006.
"They may not be market leaders yet, but they are
definitely growing stronger," he said.
Another two China-owned brands, Brilliance Auto and
Geely Group, also edged into the top 10 by selling more than
200,000 cars.
The list shows that combined sales of the top 10
reached 2.85 million, accounting for more than two thirds of the
four million passenger vehicles sold.
China has about 1,500
registered auto producers, of which fewer than 100 were sell more
than 10,000 vehicles a year. Many small manufacturers sold only 300
to 500 vehicles. The National Development and Reform Commission
warned in December 2006 that the auto industry was overheated,
which could lead to over production.
(Xinhua News Agency January 9, 2007)
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