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High Growth Of The Domestic Automobile Market

Jun 17, 2021

In the next ten years, our country’s demand for automobiles will continue to maintain an average annual growth rate of 13%-15%. Compared with the world’s automobile powers, my country’s automobile market has a relatively long period of rapid growth. This time is about From 2009 to 2023, the span is about 15 years. This is a good development opportunity for all domestic parts companies."

Our country has its own special national conditions, and our income gap is larger than those of auto power. The size of the income gap will play a vital role in the popularity of consumer durables. The smaller the income gap, the shorter the popularization time of consumer durables, and vice versa

The relatively large income gap determines that the popularity of automobiles in my country is relatively slow. As a result, my country's automobile market will maintain a longer period of continuous growth. This will also win a market for self-owned brand companies that are still relatively weak in competitiveness during a certain period of time. Relatively long development time.


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