European and Chinese auto makers commit to working more closely together

Together, China and the EU – the world’s number one and two markets respectively – make up about half of global passenger car sales and production. Although last year the Chinese car market contracted for the first time in 28 years, sales still reached over 28 million units, accounting for some 30% of total world sales.

The EU car market was up just +0.1% last year. While this increase is very modest, it marks the fifth consecutive year of growth. With almost 15.2 million cars registered, the European Union accounts for more than 19% of the global car market – in second place after China.

“ACEA’s 15 members are truly global companies, with a strong presence in China and other world regions. China is also the number two destination for EU passenger car exports,” said Erik Jonnaert, ACEA Secretary General. “That is why we strongly believe in further strengthening the ties between our associations. Today’s signing of the agreement is a landmark moment in this process.”

Dong Yang, CAAM Executive Vice-Chairman stated: “So that the Chinese auto industry can continue to flourish, we need to strengthen our policies, standards and regulations. To this end, we are seeking extensive international cooperation to align our industry more strongly with the global market. Our cooperation with ACEA is extremely important, as it will enable us to learn from Europe’s mature standards and regulation system. This partnership will be of mutual benefit to the Chinese and European automobile industries.”

CONTINUE READING ON www.acea.be