Nov. 21, 2012 (China Knowledge) - China, the world's largest auto market, saw its value added industrial output from enterprises with designated size or above in auto industry increase 9.2% YoY in the first ten months of this year, according to the figures released by the National Bureau of Statistics
In 2011, China's gross industrial output in auto industry hit RMB 5 trillion, 16.82% more than 2010. Last year, its auto production grew 0.8% to 18.42 million units, while its auto sales grew 2.5% YoY to 18.51 million units. According to the country's 12th five-years plan, China aims to realize 25 million units in both auto production and auto sales by 2015, and its value added industrial output from auto industry will contribute 3% of the country's GDP.
One notable automobile industry cluster with remarkable growth is located in Beijing E-Town
, a triple-A rated industrial park
, its auto industry generate RMB 27.83 billion in output value in the first nine month of this year, reflecting a YoY increase of 11.6%. In 2011, the park's automobile industry generated RMB 35.23 billion in output value, up 90.5% from a year earlier and account for 14.3% of Beijing's total.
Established in August 2005, Beijing Benz Automotive Co Ltd, a joint venture established by Beijing Automotive Industry Holding Co and German auto giant Daimler AG, the venture has become a leading enterprise in Beijing E-Town
's automobile industry. The automaker mainly engaged in the production of Mercedes-Benz auto cars and engines in the park and aims to realize an annual output capacity of 300,000 vehicles and 500,000 units of engines by 2015.
At present, Beijing E-Town
's auto industry has attracted many enterprises in auto related field, such as auto assembly, auto parts, auto electronics, auto servicing and distribution. As of the end of last year, there 33 auto enterprises settled in the park, including Delphi Corporation, Cummins and Lear Corporation.
Lead by Beijing Benz Auto, Beijing E-Town
aims to build an auto industry cluster with annual output value of RMB 100 billion, as well as realize great leap forward in auto manufacture, R&D and production. It is expected that Beijing Benz automobile industry realize RMB 50 billion in output value at the end of 2015, which laid a solid foundation for the park to realize its target.
Other major automakers in China are seeking to produce sedan cars in the higher market segments to capture increasing demand for luxurious cars.