What Is the Auto Industry?

In 2008, China's automobile industry encountered severe tests that were rare in recent years, and the internal and external development environment was ups and downs. Extraordinary major natural disasters have occurred one after another, the macro economy has been slowing down during the regulation and control, and the US subprime mortgage crisis has intensified, all of which have caused a certain impact on the domestic automobile industry. Nevertheless, the automobile industry still maintained a certain growth, but the growth rate was significantly slower than in previous years, and was significantly lower than expected at the beginning of the year; the ultra-high growth momentum of exports is no longer expected, and the annual growth rate is expected to fall by half; Relying on sales to boost high profits has made it more difficult, and the growth of the domestic automobile industry has slowed significantly.

Automotive industry

Zhao Fangkuan, Secretary of the Party Committee of FAW Group, said: "The realization of one million vehicles has brought FAW into a new historical starting point for marching towards 'autonomous million vehicles.' The necessary foundation to better contribute to the country, society and employees. "