January 30, 2013 by Joey Wang
Despite slowing to single-digit growth, China’s annual passenger vehicle imports surpassed 1 million units for the first time in 2012. China imported 1.07 million vehicles last year, an increase of 9 percent on a year earlier, China Automobile Trading Co Ltd said on Tuesday.
However, the high inventory that has been accumulated and the fierce competition among foreign brands will be challenges in 2013, according to analysts. Growth was down 25 percent year-on-year in the fourth quarter, according to China Automobile Trading.
April 11, 2011 by Tycho de Feijter
China’s top product quality watchdog said on Friday that the country would suspend imports of Jeep Wrangler vehicles because of a serious potential safety hazard.
Consumers in China have reported several cases of imported Jeep Wranglers catching fire. Investigations found that the fires were the result of a problem in the vehicles’ automatic transmission and related systems, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement on its website.
February 15, 2011 by Tycho de Feijter
China’s imports of foreign cars nearly doubled last year, with Japanese and German models most in favor among buyers looking to upgrade their vehicles, an industry association said Tuesday.
The quasi-official China Association of Automobile Manufacturers said car imports jumped 93 percent last year from 2009 to 813,600 vehicles. By value, imports doubled to $30.64 billion, while China’s vehicle exports rose 40 percent from a year earlier to a record $51.8 billion.