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Automotive investment is becoming another hot spot in China. Now, 23 provinces across the country produce cars. Following the completion of the construction of the “World Auto City†by the FAW headquarters, Changchun, and the construction of the Shanghai International Automobile City, a 50-billion-equivalent “first in Asia,†Beijing announced recently. Will take the power of the city, spend 8 years, invested more than 10 billion yuan to build a motor city in Beijing Jingyi Shunyi; In addition, Guangzhou also claimed to create "China's Detroit", Chongqing wants to invest 40 billion yuan to create "Western Auto City"......
According to the news from Baoding, Hebei, the city’s mayor Wang Kunshan recently stated that Baoding’s automobile industry should be built into the largest and most profitable pickup and multi-purpose vehicle and micro-card production base in the Bohai Rim region, and the largest auto parts production in North China. Distribution base.
In Jiangxi, the provincial party committee leaders personally deployed the new 100,000-car production line in Jiujiang Changhe.
The home appliance industry has also begun to enter the automotive industry. Following the large-scale production of automobiles by Chunlan and Yangzi, the Oaks Group has targeted Jiangxi Isuzu and Jiangxi Fuqi, and is expected to take control of at least one of them; refrigerator giant Xinfei has begun to get involved in the production of refrigerated trucks; Greencool is working with Yaxing Bus on acquisitions. Qiadan; home appliance industry Guangdong Midea Group also recently announced plans to invest 2 billion yuan to build the automobile city of Yunnan.
People concerned believe that this round of “car fever†presents three new features: First, a wider scope, with the exception of the three major group locations in Jilin, Hubei, and Shanghai, Chongqing, Beijing, Jiangsu, Fujian, Anhui, and other provinces and cities. There is a strong interest in the development of the auto industry. Second, the production capacity is huge. According to statistics from the State Economic and Trade Commission, according to the “10th Five-Year Plan†reported by various localities, by 2005, the national planning auto production capacity should not be less than 6.22 million, exceeding the number of cars. The "10th Five-Year Plan" forecasted that the demand for 3.1 million - 3.3 million units was nearly doubled;
Not only car production, but also investment in car dealerships and large auto trading markets are also hot. Investing in a specialty store ranges from $89 million to $10 million. There are 18 large-scale automobile trading markets in Beijing and 10 in Hangzhou. There are still many auto trading markets under construction and planned construction.
In spite of an authoritative forecast, China’s vehicle ownership will reach 100 million units in 10 years. However, some experts believe that there are only two years of good days for the Chinese auto industry. Merrill Lynch analyzed that from 2002 to 2005, the utilization rate of China's car production capacity may be 93%, 88%, 77% and 74%, respectively.
According to new sources, the nation’s industrial inventory has exceeded 220,000, and the growth of car sales is far less rapid than the increase in production.
Automobile investment has become an important economic hot spot in China