Watch: China automotive production to rise but trade wars and coronavirus crisis will have lasting impact
Chinese vehicle sales and production are set to continue to recover, but IHS Markit Automotive forecasts that the crisis will still hit demand, while exporting vehicles from China to the US especially will remain a difficult prospect
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The world’s largest automotive market and production centre will see further recovery in the wake of the coronavirus crisis, but impacts from the global recession and a reduction in government incentives will hit parts of the market, according to a forecast from Lin Huaibin at IHS Markit Automotive shared during the Automotive Logistics and Supply Chain Live virtual conference.
China will see further rises in electric vehicle sales and production as well, however reduced subsidies from the government will play a key role. Meanwhie, China could see further impacts from the US trade war and further efforts by other regions to diversify supply chains away from China.
Featuring:
Lin Huaibin, manager, China light vehicle sales forecast, IHS Markit Automotive
Moderated by Christopher Ludwig, editor-in-chief, Automotive Logistic and Ultima Media
This session was held on September 15th during the Automotive Logistics and Supply Chain Live virtual conference. Click here to view all videos from the conference on demand.