Search the Community
Showing results for tags 'automotive parts'.
Found 3 results
In February 2018, Xinhua Finance and Economics (XHF), a subsidiary of Xinhua News Agency, published a list of the top 500 global market capitalization companies in 2017. It ranked the listed companies according to their market capitalization (market capitalization = unit stock price * number of shares issued, whichever is the closing data on December 31, 2017). According to the ranking, the top ten companies in the global automotive industry are Toyota Motor and Volkswagen Motor. China's SAIC Group ranks seventh with 57.53 billion US dollars, and the automotive companies from Japan, Germany and the United States, which are the traditional automotive powers, each occupy three seats. As a supplier of automotive parts in China, Feilongjiang Li is proud to learn that SAIC Group is among the top ten automotive companies with market capitalization in 2018.
Abby Yuan posted a topic in Asian ManufacturersAccording to foreign media reports, Turkey's economic crisis has had a serious impact on car companies including Ford, Toyota and Fiat Chrysler. After the devaluation of Turkey's Lira, Turkey's new car prices rose, leading to a drop in new car sales by about a third in 2018. New car sales in Turkey fell 34% to 543,231 in the first 11 months of 2018 compared with the same period last year, and fell 42% to 58,204 in the first 11 months of November, according to data from the Association of Automobile Dealers in early December. The Turkish Association of Automobile Manufacturers said that by the end of November 2018, Turkish automobile production had fallen by 8% to 1.43 million vehicles from a year earlier, and export volume was basically the same as last year, to 1.22 million vehicles. It is reported that Turkey attracts many car companies to put into production mainly because of its low production costs, rich resources of skilled and semi-skilled workers, and easy access to the European Union, Eurasia and the Middle East market. Many car companies have localized production in Turkey and provided customized models for the local market. European consumers prefer hatchbacks, while Turkish consumers prefer cars, which account for about half of the local market. As a supplier of automotive parts, Feilong Jiangli is sure to look forward to the recovery of the automotive market, so that parts suppliers can slowly recover.
On the evening of December 6, Geely announced its November sales report. According to the report, Geely's sales in November totaled 141,661 vehicles, which further narrowed to 0.3% year-on-year growth and increased by about 10% year-on-year. Combined with previous data, Geely's cumulative sales in January-November 2018 reached 1,407,505 vehicles, an increase of 29% over the same period last year, and 89% of its annual sales target of 1.58 million vehicles in 2018. Specifically, Geely Imperial's sales in November were still more than 20,000 vehicles, reaching 20,514 vehicles, a slight increase compared with the previous month, but showed a 25.9% decline year-on-year, a further increase compared with the previous month. The cumulative sales in the first 11 months were 231,783 vehicles, a 3% decline compared with the same period last year. Since the launch of the market, Geely Imperial's monthly sales are basically at the level of about 20,000 vehicles, which has been tested by the market. Although in recent months, affected by fluctuations in the overall car market and other aspects, Geely Imperial's performance has declined year on year, it is still commendable compared with other similar models. In October, Geely Imperial's top 10 car sales in the car market are still commendable. Imperial heroes are still on the list. Geely's brand-new vision for another sedan also showed a year-on-year decline in November, but even so, given its good performance in the previous month, especially its sales of more than 20,000 cars in January, the cumulative sales of the car in the first 11 months still reached 140,131, up 7% from the same period last year. When the cumulative sales of Dihao, Boyue and other vehicles declined, it was already good to be able to achieve such a performance. As an excellent supplier of automotive parts in China, Chongqing Feilong Jiangli hopes to cooperate with Geely to develop competitive products, develop new products in the field of new energy vehicles in line with industry trends, and provide better services to consumers.