Many Chinese see cars as a sign of success. Yale Zhang is with Automotive Foresight, an industry group. He says the rising demand for top quality automobiles is a sign of China’s rise as an economic superpower.
“This market (is) becoming more like a European or American style.”
Demand has been especially high for larger sport utility vehicles -- SUVs. Karsten Engel is head of the BMW group in China. He says the spacious insides of SUVs appeal to the newly-rich, although some will probably never drive them.
“The ultimate driving machine: You probably experience a lot from the, from the rear seat with your driver, so you, you need more space. You want more space. You want to have the possibility to work in the car.”
That is something Stefan Brungs understands. He is the marketing director for the automaker Bugatti.
“And this is what Chinese have learned and perceived as luxury -- to sit in the back and be chauffeured.”
The demand for larger cars is strong. Yet environmental issues and fuel concerns are leading to increased interest in vehicles with better fuel economy. Nissan’s Asia Vice President Andy Palmer.
“Four years ago, when we introduced the, the concept of an electric car, most of, most of our colleagues in the industry thought we’d lost our minds. Now it doesn’t look so stupid, you know?
For now, observers say new hybrid and electric technology is not a major force in the Chinese market. New information shows sales of SUVs are up nearly 50 percent from a year ago. And experts say SUV sales are likely to double by 2015.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25