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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
The revenue of China’s automotive sector in Q3 2018 dropped by 10.3% y/y to RMB 1,895.1bn, mainly due to declined sales of automobiles. In Q3 2018, automotive sales fell by 6.5% y/y to 6.4mn units following the slowdown of the Chinese economy ...
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The automotive industry is a strategic sector for the Romanian economy. In 2016, the manufacture of motor vehicles and other transport equipment (which includes the production of both vehicles and car components) generated 3% of total gross value ...
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Asia enjoys excellent positions in the global automotive market, as it is among the world’s largest vehicle producers and consumers. Six Asian countries – China, India, South Korea, Thailand, Malaysia, and Indonesia – accounted for ...
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Malaysia is the third largest manufacturer and market for motor vehicles, excluding motorcycles, in the ASEAN region, behind Thailand and Indonesia. The motor vehicle industry, including motorcycles, is dominated by passenger vehicles, which ...
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China’s automotive sector revenue in Q2 2018 experienced a slight drop of 0.8% y/y to RMB 2,077.8bn, mainly due to lower prices. At the beginning of 2018, the Ministry of Finance cancelled preferential policies on vehicle purchase tax and this ...
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The Czech automotive sector’s GVA represents slightly over 5% of the country’s GDP. According to the Czech Automotive Industry Association (SAP), car manufacturers make up a quarter of the country's industrial output and 22% of its ...
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Latin America is well integrated in the global automotive supply chain, being an important manufacturing and export hub for motor vehicles – the legacy of active government policies for the development of domestic production and comprehensive ...
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Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the 12th largest vehicle producer in the world. The strength of the industry lies in the combination of a long-standing presence of Japanese car manufacturers and solid ...
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The Colombian automotive sector is highly skewed towards the production of motorcycles. As motorcycles are the preferred mode of transport of the population, the country has emerged as the second-largest producer of two-wheel motor vehicles in South ...
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The first quarter of 2018 started with significant trade tensions between the US and China, with president Trump increasing import tariffs for steel and aluminium from China and then asking for a USD 100bn cut in the trade surplus with China from ...
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