Currently, global automotive industry is an increasingly complex and intertwined by its very nature. Several factors are driving both vehicle producing and vehicle consuming nations closer together everyday. These include stiffening emission standards, the rise of global integrated vehicle manufacturers and new export possibilities as incomes grow. Others include the importance of technology to meet consumer expectations and regulatory challenges while seeking to communize components and structures to raise economies of scale and lower fixed costs.

Essentially, no country can flourish in this industry without integrating and coordinating actions with countries abroad. In today's industry, no man is an island. The mindset is crucial. As the decade continued, Western OEMs were driven by several factors to offer China the latest global offerings available to other markets. The bulk of the vehicles currently in production in China are within the global product cycle, a trend that has accelerated as the domestic market rises in size and complexity.

Source : english.chinabuses.com

Editor : Frederick

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Tags: Automotive Market Trend