China or become the world’s number one automobile manufacturer

The German "Business Daily" website quoted a study published by the German "Management Magazine" on November 12th, saying that by 2025, more than half of the world's cars will be manufactured in Asia. By then, China's auto sales will be almost twice as high as the current 19 million, and the output value will reach 300 billion euros. India's auto market will also reach the current scale in North America, which means that it will sell about 13 million cars each year.

Reported that the next 13 years, the global automotive industry will grow by about 3% per year. Overall, by 2025, the annual output value of the global automotive industry will increase from the current 840 billion euros to 1.25 trillion euros - not including the auto parts market. However, Europe will remain the leader in R&D in 2025.

According to the November 12 report of the US Consumer News and Business Channel website, the latest forecast of the International Energy Agency (IEA) stated that by 2035, the global vehicle ownership will double to 1.7 billion units, and this increase will increase the Mainly from China.

The article said that according to the IEA figures, the per capita vehicle ownership in China has increased significantly: in 2000, there were 4 vehicles per 1,000 people; in 2010, there were 40 vehicles per 1,000 people; in 2010, there were 310 vehicles per 1,000 people. In comparison, the United States currently has 660 cars per 1,000 people.

Given so many vehicles that run around the world, it brings with it many questions: How will countries limit emissions? What does this growing demand mean for oil prices? Will electric and hybrid vehicles take off?

IEA believes that internal combustion cars will still dominate the global automotive market. The IEA predicts that by 2035 the United States will approve production of 60 MPG (mile/gal) vehicles.

The highlight of this IEA report is the scale of Asian automobile growth. China is the most eye-catching, but India will also have a surge. It may increase to about 160 million vehicles in 23 years.

The article said that when looking at these figures, why every car manufacturer regards the development in China as a top priority is clear enough.