China to become 3rd biggest car producer
(Xinhua)
Updated: 2006-09-20 09:38
BERLIN -- China will replace Germany this year as the world's third largest
maker of cars and vans, according to a report of market research released
Tuesday.
China will produce about 5.9 million light vehicles this year, outpacing
Germany's 5.38 million, according to figures released by Polk Marketing Systems,
a key car market research and consulting company based in the German city of
Essen.
The capacity of both countries is so far well behind United States (11
million) and Japan (10.63 million), but Polk said China would reach the level of
10 million within a decade.
The Polk study indicates worldwide car and van production this year would
reach a record of more than 64 million.
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