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Guangdong's auto output hits record 1.67 mln units

Jan. 30, 2012 (China Knowledge) - Guangdong Province saw its auto output rise 6.9% year on year to RMB 1.67 million units last year, reflecting the highest level ever recorded, according to a statement published on the website of the Guangdong Statistics Bureau.

In December alone, the province's auto output grew 15.3% year on year.

The output of sedans fell 1.3% year on year to 1.31 million units last year, due to the devastating earthquake in Japan and a slowing domestic sedan market. The output of Dongfeng Nissan sedans has a dominating share of 50.8% and grew 16% last year. The output of BYD Co<002594><1211>, GAC Toyota Motor and Guangqi Honda Automobile Co fell 48.1%, 14.1% and 3.9% year on year, respectively.

However, the output of sports utility vehicles soared 69.9% year on year to 301,000 units.

The value-added output of the auto manufacturing sector rose 7.6% year on year to 119.03 billion in 2011.






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