The sales of Transnational Automotive Group achieved a new high in the first quarter. 

The online news from Global Network of China Daily: the growth rate of Chinese auto market maintain over 20 percent this year; Sales of Transnational Automotive Group investing in China achieved a new high in the first quarter of this year which is higher than the general growth level in this industry. Ford Motor (China) Corporation announced the performance of first quarter on 9th. Their sales rose steadily again in the first quarter with a rapid growth for few years in the past years. The total sales for each brand amounted to 90,791 which is an increase of 47% and exceed the average level of growth again in this industry.

The amount of retail sales for new cars of Volkswagen Group increased 32.5%, reaching 268,200 in Chinese market in the first quarter. Managers for Public Relations of Honda (China), Zhu Linjie told the reporters of Xinhua News Agency that the sales of Guangzhou Honda and Dongfeng Honda, two joint venture companies that Honda invested in China increase for 29% amounting to more than 110,000 in the first quarter.

In addition, the global sales of BMW Group increase 5.7% in the first quarter, but 43.2% in Chinese market. Sales of Mercedes-Benz increase 40% in the first quarter in China. Toyota, GM, Nissan and other transnational Automotive Group have all produced good results in the first quarter in China.

In the field of cars, transnational automobile joint ventures in China occupy three-quarters of the market share. According to the latest statistics of China Association of Automobile Manufacturers, the market share of Japanese brand cars is 29.34 percent in the first quarter of this year, China's independent brand-25.79 percent, Germany brand-21.3 percent, American brand-13 percent and the rest are Korean, French and Italian brand.

To expand sales in China, some multinational companies continue to expand investment in China. With a total investment of 790 million U.S. dollars, the new plant and research and development centers built independently of Beijing Hyundai Motor are officially completed and put into use on April 8.

http://www.ciimc.com

Permanent Legal Advisor:Beijing Huicheng Law Firm　　Director Lawyer:Fan Shiwen       Vice Director Lawyer:Zheng Guochen

Add: 6/F,United International Building,No.19 Dongsanhuannan Rd.Beijing,100021 China

Website Management:Network Department of CIIMC      Email:info@wedd.org  

Tel：+86 10－87665186 　Fax：+86 10－87665880/87665881