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In 2011 China surpassed Germany to become the second-largest market for premium cars with delivery of about 980,000 units.The number is likely to increase to 1.2 million in 2012, a 22 percent increase over 2011, well ahead of the growth in the mainstream market, according to LMC Automotive. China is now the biggest overseas market for luxury carmakers Audi, BMW, Rolls Royce, Lamborghini, Bentley and among the top three markets for Jaguar Land Rover, Porsche, Mercedes-Benz and Ferrari. And the long-term picture looks promising. Statistics provided by Ford show that China's luxury vehicle market will grow to about 2.7 million units by 2020, accounting for nearly 9 percent of the overall car market, up from about 6 percent today.
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  • By Hao Yan(China Daily)2017-03-27 07:00

    Used cars are displayed in the airport economic area of the Tianjin Pilot Free Trade Zone. [Yue Yuewei/For China Daily]Measures aim at addressing barriers by dealerships and invigorate the slowing sale of used vehicles The Chinese auto market is set to get help from the central government to embrace...

  • (China Daily)2017-03-22 07:34

    Govts & policies Nation committed to trade system China is committed to safeguarding a multilateral trade system, since the system gave enormous benefits to the least developed countries, Chinese Vice-Minister of Commerce Wang Shouwen said on Monday. Speaking at the opening ceremony of the fifth Chi...

  • By Fan Feifei(China Daily)2017-03-21 07:18

    German automaker Daimler AG will continue to invest in research and development in China, to develop a new generation of electric vehicles, the company chairman said.The R&D push will seek to speed up localization and ensure sustainable growth as the China market holds great potential in the area of...

  • By Li Fusheng(China Daily)2017-03-20 07:01

    Country's marques seeking greater recognition in China's luxury segment, Li Fusheng reports. China is now the largest market for most of the premium car brands that typically spring to people's minds: Porsche, Jaguar Land Rover and Lincoln, not to mention the German giants of Audi, BMW and Mercedes-...

  • By Oswald Chan In Hong Kong(China Daily)2017-03-17 07:33

    Conglomerate with over a century's presence in China sees a new round of opportunities thanks to the country's initiatives Jebsen Group - a conglomerate with a rich business portfolio ranging from beer to car components - believes the Chinese government's initiatives in boosting the consumption-led ...

  • By Li Fusheng(China Daily)2017-03-14 07:19

    Lincoln Motor Co will start producing cars in China by late 2019 after two very successful years in the world's largest car market, it announced on Monday. According to its plans, Lincoln will build a new SUV with its joint venture partner Changan Automobile in Southwest China's Chongqing city. Linc...

  • By Hao Yan(China Daily)2017-03-13 08:08

    A Haval H2 from Great Wall Motor is displayed at an auto expo in Shenyang, Liaoning province. [Photo/Xinhua]Government's new tax deduction rate stalls industry growth after massive purchasing boom last year The auto market may be signaling a shaky year after the government's eased tax deduction, and...

  • By Tian Xuefei And Zhang Xiaomin In Daqing, Heilongjiang(China Daily)2017-03-11 07:25

    Premium sedans manufactured at the Volvo Cars Daqing plant, in northeastern China's Heilongjiang province, are expected to start selling abroad in May, a senior executive of the company said. "We're arranging for dealers from the US, Europe and Asia-Pacific countries to visit our plant," said Yan Sh...

  • (China Daily)2017-03-11 06:59

    But house in leafy Seoul district is next stop for the ousted president SEOUL - When impeached president Park Geun-hye leaves the presidential palace, she will go back to her house in Seoul's luxury Gangnam district surrounded by a high wall and bamboo. She may have to move again, next time to a cra...

  • By Li Fusheng(China Daily)2017-02-27 08:08

    BMW's i8 catches visitors' eyes at the Beijing Auto Show last year. PROVIDED TO CHINA DAILYSales figures fail to tell the story in rivalry among three premium carmakers, Li Fusheng reports.China is probably home to the most intense competition among premium carmakers, and this competition may reach ...

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