BMI Asia Pacific Automotives Insight February 2012

BMI Asia Pacific Automotives Insight February 2012 -...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
IMPORTANT NOTICE: The information in this PDF file is subject to Business Monitor International’s full copyright and entitlements as defined and protected by international law. The contents of the file are for the sole use of the addressee. All content in this file is owned and operated by Business Monitor International, and the copying or distribution of this file, internally or externally, is strictly prohibited without the prior written permission and consent of Business Monitor International Ltd. If you wish to distribute the file, please email the Subscriptions Department at [email protected], providing details of your subscription and the number of recipients you wish to forward or distribute this information to. All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. DISCLAIMER
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
CONTENTS Editorial Office: 85 Queen Victoria Street, London EC4V 4AB, UK Tel: +44 (0)20 7248 0468 Fax: +44 (0)20 7248 0467 www.businessmonitor.com www.autosinsight.com REGIONAL FOCUS Expo Creates ASEAN Opportuni- ties For Chinese Brands In the same way that Indian carmakers have been looking to beat the domestic slowdown by eyeing South East Asian markets (see 'Indian Slowdown Prompts Companies To Target ASEAN Growth', Dec 13 2011) , Chinese companies are looking towards a similar strategy. This is evidenced by the first China-ASEAN Automotive Expo, held in early December, which gave autos firms from both sides the opportunity to generate new business. The show was held in Liuzhou, which is becoming a hub for autos production and is home to some of the country's largest national car- makers, including Shanghai Automotive Industry Corp (SAIC), First Automotive Works , Dongfeng Motor and Sinotruck . The city is also gaining traction as an export hub, generating revenues of US$140mn from autos exports in January to October 2011, up 48% year-on-year (y-o-y). Moreover, shipments to South East Asia accounted for around 40% of this total. According to China Daily, some ASEAN companies have reported cost savings by importing from Liuzhou, such as a Vietnamese trader quoted in the report, who said transport costs have been cut by 70% after sourcing tractors from Liuzhou rather than Jinan. With this advantage in mind, carmakers at the expo have been showcasing vehicles which are particularly popular in ASEAN markets, such as low-cost passenger cars, trucks and specialist vehicles.
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern