CHINA joins USA & Japan as the Big "3"
10/20/09 China's Auto output hit 10 Million mark and on pace for 12.6M in 2009 an all time RECORD.
Shanghai, October 20 (Gasgoo.com) China's production of automobiles since the beginning of this year hit 10 million units today, making it the third country in the world to surpass the annual output mark of this level, xinhuanet.com reported.
The achievement was announced at a celebration jointly sponsored by the
China Association of Automobile Manufacturers (CAAM) and China Society of Automotive Engineering at FAW Group Corp. headquarters in Changchun, capital of northeast China's Jilin province.
FAW used the event to launch its Jiefang truck's new model, with the first vehicle rolling off the production line with the serial number 10000000, which means this new Jiefang truck is the 10 millionth vehicle produced in China this year.
Only the United States and Japan have previously passed the annual
production figure of 10 million, the CAAM said.
For the first nine months of the year, industry-wide vehicle sales in China rose 34% to 9.7 million, with passenger-car sales up 42% to 7.2 million units.
China's auto sales should soar to 12.6 million units this year, up 35% from 2008, boosted by subsidies that the industry is lobbying Beijing to extend, a government researcher said recently.
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